Polestar raises new funds for product development
18 Apr 2021|1,088 views
Polestar, the Swedish electric performance car company, has raised $734 million from a group of long-term financial investors.
The new investments come as the global market for electric cars is growing strongly, with consumers increasingly prepared to combine e-mobility with their environmental aspirations. At the same time, the technologies behind electric cars are advancing and becoming more economical.
The new investment sets the stage for future growth by diversifying Polestar's funding structure and deepening the resources available to accelerate its product development and technological capability ahead of the launch of several ground-breaking cars in coming years.
Polestar, the Swedish electric performance car company, has raised $734 million from a group of long-term financial investors.
The new investments come as the global market for electric cars is growing strongly, with consumers increasingly prepared to combine e-mobility with their environmental aspirations. At the same time, the technologies behind electric cars are advancing and becoming more economical.
The new investment sets the stage for future growth by diversifying Polestar's funding structure and deepening the resources available to accelerate its product development and technological capability ahead of the launch of several ground-breaking cars in coming years.
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