Amount Raised
$950 Million
Round Type
Funding Round
GothenburgManufacturingAutomotiveElectric VehicleInvestors
Description
Polestar Automotive Holding UK PLC has secured USD 950 million in external funding to finance the next stage of its development, with the financing provided by 12 leading international banks. The funding will support the company's path towards cash flow break-even targeted in 2025.
Quick answer
Polestar raised $950 Million in a Funding Round round, dated February 28, 2024. Investors: Spdb, HSBC, Bbva, Standard Chartered, Natixis and BNP Paribas. Polestar is based in Gothenburg, Västra Götaland County, Sweden.
- How much did Polestar raise?
- Polestar raised $950 Million in a Funding Round round on February 28, 2024.
- Who invested in Polestar?
- Spdb, HSBC, Bbva, Standard Chartered, Natixis and BNP Paribas are named as investors in this round.
- What does Polestar do?
- Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand determined to improve society by using design and technology to accelerate the shift to sustainable mobility.
- Where is Polestar based and how big is it?
- Polestar is based in Gothenburg, Västra Götaland County, Sweden. Fundz records about 3,166 employees.
- Who are the decision-makers at Polestar?
- Fundz holds 2 contacts at Polestar, including the Head of Global Real Estate. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Automotive and Electric Vehicle around the same time
Companies in the same sectors as Polestar that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $1B (Funding Round) on March 25, 2024.
- Dodai raised $4M (Series A) on March 24, 2024.
- IM Motors raised $1.1B (Series B) on March 2, 2024.
- Powerdot raised $108M (Funding Round) on February 29, 2024.
- Ola Electric raised $50M (Debt Financing) on April 1, 2024.
- indie Semiconductor raised an undisclosed amount (Corporate Round) on March 20, 2024.
Who to call at Polestar, and when
A new round usually means Polestar is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Polestar raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Polestar, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Polestar. With Fundz connected, it knows.
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Fundz sees it the moment Polestar raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Polestar raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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