• Targeted total of USD 1 billion new equity funding completed since December 2025, with the continued support of Geely Holding
  • Enhanced balance sheet strength, liquidity and improved free float from a more diversified shareholder base

Polestar (NASDAQ:PSNY) today announced a total of USD 300 million in equity investments by purchasers including Crédit Agricole CIB, Vida Finance S.A., Innovator Limited and Proximastar Holdings Company Limited. Concurrent with the purchase, these purchasers have each entered into a put option arrangement with a wholly-owned subsidiary of Geely Sweden Holdings AB, which provides the purchasers with an exit path, if needed, in three years with certain returns, as part of this equity financing arrangement. The terms are similar to the equity financing arrangements announced by the Company in December 2025 and February 2026.

Michael Lohscheller, Polestar CEO, says: "The last four months have seen us take steps to meaningfully strengthen our balance sheet and improve our liquidity position, through successfully raising a targeted USD 1 billion in new equity, with the continued support from Geely Holding. Through a series of recent equity financing rounds, where several global renowned financial institutions participated, we have improved our free float and broadened our shareholder base.