GOTHENBURG, Sweden–(BUSINESS WIRE)–Polestar (Nasdaq: PSNY), the Swedish electric performance car brand, has announced significant financial developments, securing a substantial 12-month term facility of up to USD 450 million. This financial boost is coupled with the renewal of its EUR 480 million Green Trade Finance Facility (TFF), reinforcing the company’s financial stability and commitment to sustainable practices.
In February 2025, Polestar finalized a 12-month term facility providing access to up to $450 million, building upon a previous achievement in December 2024 where the company secured over $800 million in similar 12-month term facilities. This latest financial injection underscores investor confidence in Polestar’s strategic direction and growth potential within the competitive electric vehicle market. The funding, denominated in US dollars, will provide crucial capital to support Polestar’s ongoing operations and ambitious expansion plans.
Further bolstering its financial framework, Polestar has successfully renewed its EUR 480 million Green Trade Finance Facility. Originally established in February 2022 with a consortium of leading global banks, this 12-month TFF is instrumental in supporting Polestar’s working capital needs. The renewal of this facility, now valued at 480 million euros, highlights Polestar’s continued access to green financing and its dedication to environmentally responsible operations. This green financing instrument supports Polestar’s commitment to sustainability, aligning financial strategy with its ambitious environmental goals.
Looking ahead, Polestar has announced key dates for upcoming financial and sales publications. The company is set to release its global retail sales volumes for the first quarter of 2025 on April 10, 2025. Furthermore, Polestar plans to publish its results for the fourth quarter and the full year of 2024 in April 2025, coinciding with the filing of its Annual Report on Form 20-F for 2024. These publications will provide further insights into Polestar’s performance and trajectory in the electric vehicle market.
About Polestar
Polestar (Nasdaq: PSNY) stands as a pioneering Swedish electric performance car brand, committed to pushing the boundaries of design and innovation. With a clear vision to accelerate the global transition towards a sustainable future, Polestar is headquartered in Gothenburg, Sweden. Currently, Polestar vehicles are available in 27 markets across North America, Europe, and Asia Pacific, demonstrating its expanding global footprint.
The current Polestar lineup includes three distinct models: the Polestar 2, Polestar 3, and Polestar 4. Future models in the pipeline include the Polestar 5, a four-door GT slated for introduction in 2025, the Polestar 6 roadster, and the Polestar 7 compact SUV. With vehicle production already spanning North America and Asia, Polestar is strategically diversifying its manufacturing operations, with plans to produce the Polestar 7 in Europe.
Sustainability remains at the core of Polestar’s mission. The company has set ambitious targets to halve greenhouse gas emissions per vehicle sold by 2030 and to achieve climate neutrality across its entire value chain by 2040. Polestar’s comprehensive sustainability strategy encompasses four key pillars: Climate action, Transparency in operations, Circularity in resource use, and Inclusion across all aspects of the business.
Forward-Looking Statements
This announcement includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions regarding future events and are subject to risks and uncertainties. Actual results may differ materially due to various factors, including those detailed in Polestar’s Form 20-F and other filings with the U.S. Securities and Exchange Commission. Polestar undertakes no obligation to update these statements, except as required by law.
Contacts
Anna Gavrilova
Head of Investor Relations
[email protected]
Theo Kjellberg
Head of Corporate Communications
[email protected]
