Announced
Financials
Sources
Tags
Sweden
electric vehicles
Acquisition
Cross Border
Private Equity
Pending
Friendly
Automobiles
Minority
Private
Single Bidder
Venture Capital
Synopsis
Investment companies Chongqing Chengxing and Zibo Financial led the $550m funding round in Polestar, the Swedish electric performance car company. SK, a South Korean global conglomerate, and other investors also participated. “Our new investors have recognized that Polestar offers an alluring combination of established industrial and technological capability alongside superlative growth potential as the global auto industry goes electric,” Thomas Ingenlath, Polestar CEO.
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