Polestar lands $1B loan to keep EV plans on track

Polestar secured a $950 million loan from a dozen banks, critical funds needed to keep its EV plans moving forward following Volvo’s decision to pull back its financial support of the electric automaker. Polestar said Wednesday the funds were needed to finance the next stage of its development and covers a large majority of its […] © 2024 TechCrunch. All rights reserved. For personal use only.

Technology Feb 28, 2024 0 42 Add to Reading List

Polestar lands $1B loan to keep EV plans on track

Polestar secured a $950 million loan from a dozen banks, critical funds needed to keep its EV plans moving forward following Volvo’s decision to pull back its financial support of the electric automaker. Polestar said Wednesday the funds were needed to finance the next stage of its development and covers a large majority of its […]

© 2024 TechCrunch. All rights reserved. For personal use only.

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