Polestar secures nearly 880 million euro lifeline in funding
After parent Geely reiterated its support, a consortium of 12 banks decided to throw Polestar a lifeline, doubling its cash reserves. /Polestar
The saga around Polestar’s financing opens up a new chapter, as the EV startup managed to draw in some serious funding from international banks. With parent Geely’s commitment, the company is secured to achieve its short-term targets.
In the wake of Volvo Cars' decision to sever ties with Poles
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