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Automotive

Polestar

Polestar raises $950M Series Unknown at $20B valuation

Assar Gabrielssons Väg, Gothenburg 405 31, SwedenMay 22, 20241 min read
Total Raised
$950M
Valuation
$20B
Latest Round
Series Unknown
Employees
3500+

Polestar: Series Unknown Funding Round

Polestar has successfully raised $950M in Series Unknown funding, reaching a valuation of $20B.

Company Overview

Electric performance car brand

Funding Details

The Series Unknown round was led by Volvo, with participation from Geely, Gores Guggenheim.

Company Information

  • Headquarters: Assar Gabrielssons Väg, Gothenburg 405 31, Sweden
  • Founded: 2017
  • Employees: 3500+
  • Category: Automotive

Investment

Polestar plans to use the funds to accelerate product development, expand its team, and scale operations globally.

About the Investors

  • Volvo: Verified investor in Series Unknown
  • Geely: Verified investor in Series Unknown
  • Gores Guggenheim: Verified investor in Series Unknown

Company Info

Headquarters
Assar Gabrielssons Väg, Gothenburg 405 31, Sweden
Founded
2017
Team Size
3500+
Last Round
$950M(May 2024)

Investors (3)

V
VolvoLead
Lead Investor
Verified investor in Series Unknown
G
Geely
Investor
Verified investor in Series Unknown
G
Gores Guggenheim
Investor
Verified investor in Series Unknown

Topics

verified(3079)real-funding(3079)polestarautomotiveseries-unknownassar-gabrielssons-väg

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