Polestar announced it has secured $300 million in new equity financing from a group of global investors, marking the latest step in a broader capital-raising effort that has raised a total of $1 billion since December 2025.
The Swedish electric vehicle manufacturer said the latest funding round includes investments from Crédit Agricole CIB, Vida Finance S.A., Innovator Limited, and Proximastar Holdings Company Limited. As part of the transaction, each investor has entered into a put option agreement with a subsidiary of Geely Sweden Holdings, offering a potential exit route within three years under predefined terms.
The company noted that the pricing for the shares in this round remains consistent with previous financings completed in December 2025 and February 2026, at $19.34 per Class A ADS. Following the closing, no single investor will hold more than 5% of Polestar’s outstanding equity, supporting a more diversified shareholder base and increased free float.
Polestar said the transaction is expected to close by March 19, 2026, and does not require regulatory approvals.
The funding is intended to strengthen the company’s balance sheet and liquidity position as it continues to scale operations. Polestar highlighted that it is coming off a record year of retail sales and is preparing to launch four new models over the next three years as part of its long-term growth strategy.
Support: BofA Securities served as the exclusive financial advisor to Polestar on the transaction.
KEY QUOTE:
“The last four months have seen us take steps to meaningfully strengthen our balance sheet and improve our liquidity position, through successfully raising a targeted USD 1 billion in new equity, with the continued support from Geely Holding. Through a series of recent equity financing rounds, where several global renowned financial institutions participated, we have improved our free float and broadened our shareholder base. Coming off a record year of retail sales and with four new models planned in the next three years, as announced during our recent strategy update, we are fully focused on delivering on our ambitions.”
Michael Lohscheller, CEO of Polestar
