Polestar has raised $300 million in a new equity financing round, with participation from investors including Crédit Agricole, as the company continues efforts to strengthen its balance sheet.
The funding round also includes Vida Finance, Innovator Limited and Proximastar Holdings Company Limited. Polestar did not disclose how the funds were distributed among the participants.
As part of the agreement, investors have secured put option arrangements with a subsidiary of Geely Sweden Holdings, giving them the right to exit their investments within three years with predefined returns.
The structure mirrors previous financing deals completed in recent months. In late 2025, Polestar secured a £600 million loan from its majority shareholder Geely Holding, while an additional £400 million was raised from Feathertop Funding Limited and Standard Chartered Bank.
The latest investment brings Polestar’s total new equity raised in recent months to around $1 billion, reflecting continued capital requirements as the company works toward profitability.
Michael Lohscheller said the recent financing rounds have strengthened liquidity and broadened the company’s shareholder base, supported by continued backing from Geely.
Polestar has yet to report its full-year 2025 financial results, but up to the third quarter it posted a net loss of £1.56 billion, significantly higher than the previous year, partly due to a write-down related to the Polestar 3.
The company is preparing a major product expansion, with plans to launch four new models over the next three years as it seeks to scale volumes and improve financial performance.
The funding underscores ongoing investor interest in the electric vehicle sector, while highlighting the capital-intensive nature of competing in a rapidly evolving global market.