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Automotive

Polestar

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

$950M
Total Raised
Series Unknown
Latest Round
2017
Founded
3500+
Employees
Assar Gabrielssons Väg, Gothenburg 405 31, Sweden
Updated May 22, 2024
1 min read

Quick Facts

Valuation
$20B
Latest Round Size
$950M
Latest Round Date
May 2024

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

Key Investors

Volvo
Lead Investor
Verified investor in Series Unknown
Geely
Investor
Verified investor in Series Unknown
Gores Guggenheim
Investor
Verified investor in Series Unknown

Topics

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

About the Author

Editorial Team
Editorial Team
Curated funding news from verified sources

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