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【Summary】Electric vehicle brand Polestar, which is jointly owned by Swedish automaker Volvo and Chinese automaker Zhejiang Geely Holding (Geely), announced it raised $550 million in its first ever outside investment round. The new financing comes as investors pour money in electric vehicle stocks and related companies working on advanced mobility, including EV battery technology and self-driving vehicles.
Eric Walz
   Apr 15, 2021 9:45 AM PT
author: Eric Walz   
The fully-electric Polestar 2.
Electric vehicle brand Polestar, which is jointly owned by Swedish automaker Volvo and Chinese automaker Zhejiang Geely Holding (Geely), announced it raised $550 million in its first ever outside investment round.
The private placement of newly issued shares was from a group of long-term financial investors. The financial details of the transaction are not being disclosed at this stage. ....

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