Polestar Automotive Holding, the Swedish high-performance electric car brand, has secured $950 million (€877 million) in financing for its next development phase. The financing was provided by a group of 12 international banks, including BNP Paribas, Natixis, Standard Chartered, BBVA, HSBC and SPDB, in the form of a three-year loan.
“Achieving financing from a consortium of global banks reflects our partners' support for Polestar's growth journey,” says Thomas Ingenlath, CEO.