Polestar

investment firm

About

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

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

Employee Profiles

Number of Employee Profiles
5
Polestar has 5 current employee profiles, including Executive Thomas Ingenlath
Executive
Executive
Executive
Executive
Employee