GOTHENBURG, Sweden – Polestar (Nasdaq: PSNY), the Swedish electric performance car brand, has announced significant financial developments, securing a substantial $450 million term facility. This financial boost, revealed in February 2025, comes after the company successfully obtained over $800 million in similar facilities in December 2024, underscoring investor confidence in Polestar’s strategic direction and growth potential in the competitive electric vehicle (EV) market. This financial injection is roughly equivalent to 416.67 million euros, based on current exchange rates, highlighting the considerable scale of investment being channeled into the company.
Polestar electric vehicle lineup showcasing Polestar 2, Polestar 3, and Polestar 4 models, reflecting company’s growth and financial stability.
Renewal of Green Trade Finance Facility Reinforces Financial Stability
In addition to the new $450 million facility, Polestar has also successfully renewed its EUR 480 million Green Trade Finance Facility (TFF). Originally established in February 2022 with a consortium of leading global banks, this facility is crucial for supporting Polestar’s working capital needs and its commitment to sustainable practices. The renewal of this significant Euro-denominated facility further solidifies Polestar’s financial footing in the European market and its dedication to green financing initiatives. The continued support from global financial institutions through facilities like this EUR 480 million TFF, which is approximately USD 518.4 million when converted, demonstrates strong faith in Polestar’s long-term vision and operational strategy.
Upcoming Financial Calendar and Future Outlook
Looking ahead, Polestar has announced key dates for upcoming financial disclosures. The company is set to publish its global retail sales volumes for the first quarter of 2025 on April 10, 2025. Furthermore, investors and stakeholders can anticipate the release of Polestar’s fourth quarter and full-year 2024 results in April 2025, coinciding with or preceding the filing of its Annual Report on Form 20-F for 2024. These reports will provide further insights into Polestar’s financial performance and market position as it continues to expand its global presence and model lineup.
Polestar: Driving Towards a Sustainable Future
Polestar, headquartered in Gothenburg, Sweden, remains committed to its mission of accelerating the shift towards sustainable mobility through innovative design and technology. With a growing presence in 27 markets across North America, Europe, and Asia Pacific, Polestar offers a range of models including the Polestar 2, Polestar 3, and Polestar 4. Future models, such as the Polestar 5, Polestar 6, and Polestar 7, are also in development, indicating a robust product pipeline. Polestar’s dedication to sustainability is further emphasized by its ambitious goals to halve greenhouse gas emissions per vehicle by 2030 and achieve climate neutrality across its value chain by 2040. The recent financial facilities, including the $450 million, which is approximately equivalent to 416.67 million EUR, will be instrumental in supporting these sustainability initiatives and Polestar’s overall growth trajectory in the rapidly evolving electric vehicle industry.
Forward-Looking Statements
This announcement contains forward-looking statements that reflect Polestar’s current expectations and beliefs regarding future events and financial performance. These statements are based on various assumptions and are subject to risks and uncertainties, as detailed in Polestar’s filings with the U.S. Securities and Exchange Commission. Actual results may differ materially from those projected in these forward-looking statements.
