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Polestar announces new equity financing of USD 300 million

  • Polestar announced USD 300 million in new equity investments from Crédit Agricole CIB, Vida Finance S.A., Innovator Limited, & Proximastar Holdings Company Limited.
  • This funding brings the total targeted equity raised since December 2025 to USD 1 billion with continued support from Geely Holding.
  • Purchasers entered into put option arrangements with a Geely Sweden Holdings AB subsidiary, providing an exit path in three years with certain returns.
  • The price per Class A ADS for this transaction is USD 19.34, matching the rates from the December 2025 & February 2026 financings.
  • No single purchaser will own more than 5% of Polestar's outstanding equity, & transactions are expected to close by 19 March 2026 without regulatory approval.
  • BofA Securities serves as Polestar's exclusive financial advisor for this transaction.
  • Polestar CEO Michael Lohscheller stated the financing strengthens the balance sheet, improves liquidity, & broadens the shareholder base.
  • The company plans to launch four new models over the next three years, including a Polestar 4 variant in late 2026, a Polestar 2 successor in early 2027, a Polestar 7 compact SUV in 2028, & a Polestar 6 roadster.