Fundz

Polestar, Volvo And Geely'S Ev Unit, Raises $550 Mn In External Funding

Apr 15, 2021

Round Type

Funding Round

GothenburgManufacturingAutomotiveElectric Vehicle

Description

Stockholm: Sweden's Polestar, the electric car maker controlled by Volvo and its parent, the Chinese automaker Geely, has raised $550 million in external funding, the company said on Thursday.

Quick answer

Polestar raised an undisclosed amount in a Funding Round round, dated April 15, 2021. Polestar is based in Gothenburg, Västra Götaland County, Sweden.

How much did Polestar raise?
Polestar raised an undisclosed amount in a Funding Round round on April 15, 2021.
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.

  • NIO raised $64M (Series B) on May 11, 2021.
  • Garrett Motion Inc. raised $179M on May 3, 2021.
  • Taiga Motors Corporation raised $18M on May 6, 2021.
  • VerdeGo Aero raised $350K (Seed) on May 6, 2021.
  • OpConnect raised $2.2M (Seed) on April 21, 2021.
  • Beta Technologies raised $470M on April 1, 2021.

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

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Company Information

Company

Polestar

Location

Gothenburg, Västra Götaland County, Sweden

About

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. Headquartered in Gothenburg, Sweden, its cars are available online in 27 markets globally across North America, Europe and Asia Pacific. The company plans to create a truly climate-neutral production car, without offsetting, by 2030.

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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

2 contacts
Verified contactsKlas M., Head of Global Real Estate hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Polestar's next move

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Polestar raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.