Polestar raises an additional $300 million
A broader group of investors is participating in the latest funding round, including Crédit Agricole, Vida Finance, Innovator Limited and Proximastar Holdings Company Limited. Polestar has not specified how the £300 million in equity is allocated among the parties.At the same time, the investors have agreed put option arrangements with a wholly owned subsidiary of Geely Sweden Holdings AB in connection with their stakes. According to the Swedish-Chinese carmaker, this ‘provides the purchasers with an exit path, if needed, in three years with certain returns, as part of this equity financing arrangement.’The terms are similar to recent equity financing agreements announced by the company in December 2025 and February 2026. At that time, the brand secured a £600 million loan from its majority shareholder, Geely, with half available immediately and the second tranche dependent on further developments. In another instance, Polestar raised £400 million from Feathertop Funding Limited and Standard Chartered Bank.The latest influx of investors underscores that Polestar’s capital requirements remain high, as the company is not yet profitable. Financial results for the fourth quarter and the full year 2025 have not yet been released. However, up to and including the third quarter of 2025, Polestar reported a net loss of £1.56 billion—80% higher than in 2024. This figure includes a one-off effect, as the company had to write down £739 million on the Polestar 3 in Q2. Meanwhile, Polestar is planning “the largest model offensive in the company’s history,” as announced by the company a few weeks ago. Specifically, four new vehicles are set to launch over the next three years.“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,” said Michael Lohscheller, Polestar CEO. “The last four months have seen us take. “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.”media.polestar.com
