Total amount raised
$4.5 Billion
Latest funding date
2/1/2025
Location
Polestar has successfully raised funding through 11 rounds, with notable investments from Banco Bilbao Vizcaya Argentaria and Natixis. The latest funding round was a Post-IPO Equity round led by Geely Sweden Holdings.
Keep reading to explore the intricacies of Polestar's fundraising journey and the investors backing this innovative electric vehicle manufacturer.
What Is Polestar?
Polestar is an electric performance brand focused on uncompromised car design and technology. Based in Göteborg, Vastra Gotaland, Sweden, the company operates within the automotive, electric vehicle, and mechanical engineering industries.
With an employee count ranging from 1001 to 5000, Polestar is publicly traded under the ticker NASDAQ:PSNY. The company offers a range of electric cars, including the Polestar 2, Polestar 3, and Polestar 4, emphasizing sustainability and advanced technology.
How Much Funding Has Polestar Raised?
- Post-IPO Equity
- Amount Raised: USD 250,000,000
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion plans.
- Post-IPO Debt
- Amount Raised: EUR 1,600,000,000
- Date: November 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the company's financial position and support operational needs.
- Post-IPO Debt
- Amount Raised: USD 450,000,000
- Date: November 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund ongoing projects and ensure liquidity.
- Post-IPO Debt
- Amount Raised: USD 950,000,000
- Date: February 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support large-scale production and market expansion.
- Post-IPO Debt
- Amount Raised: USD 300,000,000
- Date: August 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To maintain operational efficiency and support new initiatives.
- Post-IPO Debt
- Amount Raised: USD 450,000,000
- Date: February 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To ensure financial stability and support strategic goals.
- Post-IPO Equity
- Amount Raised: USD 200,000,000
- Date: June 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and innovation in the electric vehicle market.
- Post-IPO Debt
- Amount Raised: USD 300,000,000
- Date: December 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support general corporate purposes and operational needs.
- Post-IPO Equity
- Amount Raised: USD 600,000,000
- Date: December 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market presence and enhance product offerings.
Total Amount Raised: USD 4,500,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Geely Sweden Holdings
- Details: Geely Sweden Holdings is a significant investor in Polestar, participating in multiple Post-IPO Equity funding rounds. The company is a subsidiary of Zhejiang Geely Holding Group, a major Chinese multinational automotive company.
- Investment Focus Areas: Automotive, electric vehicles, technology.
- Notable Investments: Polestar, Volvo Cars, Lotus Cars.
- PSD Investment
- Details: PSD Investment is an investor in Polestar, participating in several funding rounds. Specific details about the company are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Geely Sweden Automotive Investment
- Details: Geely Sweden Automotive Investment is another key investor in Polestar. The company is part of the Geely group, which has a strong presence in the automotive industry.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Volvo Cars
- Details: Volvo Cars is a major investor in Polestar, with a history of collaboration and investment in the electric vehicle sector. The company is known for its commitment to safety and innovation in the automotive industry.
- Investment Focus Areas: Automotive, electric vehicles, safety technology.
- Notable Investments: Polestar, Lynk & Co, Zenuity.
- Banco Bilbao Vizcaya Argentaria (BBVA)
- Details: BBVA is a global financial group with a strong presence in the banking sector. The company has invested in Polestar as part of its strategy to support innovative and sustainable businesses.
- Investment Focus Areas: Banking, financial services, technology.
- Notable Investments: Atom Bank, SolarCity, Coinbase.
What's Next for Polestar?
Polestar's future looks promising with the recent $300 million in external funding, which will support their expansion and new model launches. The company is strategically increasing production in South Carolina to avoid U.S. tariffs, a move that could significantly boost their market presence.
With new leadership under Michael Lohscheller, Polestar is poised to navigate the evolving electric vehicle landscape. The focus on premium SUVs like the Polestar 3 and Polestar 4 is expected to drive sales, particularly in the fourth quarter. However, challenges such as geopolitical issues and leadership transitions could test their resilience.
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