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Swedish EV Maker Polestar Charges up with €174M Equity Investment: Know More - Silicon Canals
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The Chinese brand, owned by the Geely group, puts on sale from 52,995 euros (before aids) the new Lynk & Co 08, a hybrid plug-in SUV of the segment D with 200 kilometers of electric range and more than 1,100 km of combined total range. Read
Swedish EV maker Polestar charges up with €174M equity investment: Know more - Silicon Canals
Gothenburg-based Polestar, a premium electric vehicle firm, announced that it has secured a $200M (approximately €174M) equity investment from PSD Investment Limited, an existing investor. PSD Investment is an entity controlled by Mr. Shufu (Eric) Li, Founder and Chairman of Geely Holding Group. Under the terms of the securities purchase agreement, Polestar will issue and sell 190,476,190 newly issued Class A American Depositary Shares (ADSs) to…
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