Polestar raises $500M from outside investors as EV market grows

Polestar, Volvo Car Group’s standalone electric performance brand,┬áhas raised $550 million in its first external round led by Chongqing Chengxing Equity Investment Fund Partnership, Zibo Financial Holding and Zibo Hightech Industrial Investment. SK Inc., the South Korean global conglomerate, and a range of other investors also participated. While this is Polestar’s first external round, the … Continue reading Polestar raises $500M from outside investors as EV market grows