Polestar

About

Polestar is an electric performance brand, focused on uncompromised car design and technology.

Göteborg,Vastra Gotaland,Sweden
https://www.polestar.com

Highlights

Details

Last Funding Type: Post-IPO Debt
Last Funding Money Raised: €1.60B
Industries: Automotive,Electric Vehicle,Mechanical Engineering
Founded date: Jan 1, 1996
Operating Status: Active
Stock Symbol: nasdaq:PSNY
Legal Name: Polestar Automotive Holding UK PLC

Polestar is an electric performance brand, focused on uncompromised car design and technology. A Volvo subsidiary, Polestar is at the center of Electromobility, introducing world-class electrified cars and innovative, customer- focused services and offers.

Polestar is set to launch a range of electric vehicles. Polestar 1 will begin production in 2019 whilst Polestar 2 and 3 are already at advanced stages of development.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

5

€1.60B $1.69B

Polestar has raised a total of €1.60B $1.69B in funding over 2 rounds. Their latest funding was raised on Nov 3, 2022 from a Post-IPO Debt round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 3, 2022	Post-IPO Debt	€1.60B	2	PSD Investment Volvo Cars	—	Detail
Jun 24, 2022	Post-IPO Equity	$250M	—	—	—	Detail
Jun 24, 2022	IPO	$890M	—	—	—	Detail
Jul 12, 2021	Corporate Round	—	1	Volvo Cars	—	Detail
Apr 15, 2021	Private Equity（PE）	$550M	5	Chongqing Chengxing Equity Investment Fund Partnership Zibo Financial Holding Zibo Hightech Industrial Investment	—	Detail

Investments

Number of Investments

Number of Lead Investments

2

1

Polestar has made 2 investments. Their most recent investment was on Aug 29, 2022, when H2 Green Steel raised €190M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Aug 29, 2022 H2 Green Steel	Series B	€190M	CleanTech	—
May 24, 2022 StoreDot	Corporate Round	—	Advanced Materials	Yes

Investors

Number of Lead Investors

Number of Investors

6

7

Polestar is funded by 7 investors. PSD Investment and Volvo Cars are the most recent investors.

Investor Name	Lead Investor	Funding Round
PSD Investment	Yes	Post-IPO Debt
Volvo Cars	Yes	Post-IPO Debt
Chongqing Chengxing Equity Investment Fund Partnership	Yes	Private Equity（PE）
Zibo Financial Holding	Yes	Private Equity（PE）
Zibo Hightech Industrial Investment	Yes	Private Equity（PE）
I Cube Capital	—	Private Equity（PE）
SK Holdings	—	Private Equity（PE）