GOTHENBURG, Sweden–Polestar (Nasdaq: PSNY), the Swedish electric performance car brand, has announced a significant boost to its financial stability by securing a 12-month term facility of up to USD 450 million and renewing its EUR 480 million Green Trade Finance Facility (TFF). This financial maneuver underscores Polestar’s robust approach to funding its operations and strategic initiatives in the competitive electric vehicle market.
In February 2025, Polestar finalized a 12-month term facility providing access to up to USD 450 million. This follows a previous successful acquisition of over USD 800 million in 12-month term facilities in December 2024, demonstrating consistent investor confidence in the brand’s vision and execution.
Crucially, the company has also renewed its Green Trade Finance Facility for EUR 480 million. Originally established in February 2022 with a consortium of leading global banks, this facility is instrumental in supporting Polestar’s working capital needs. For stakeholders in the US market, it’s important to note that 480 Eur To Usd conversion at current exchange rates places this facility at approximately $509,000,000 USD. This substantial financial instrument highlights Polestar’s commitment to sustainable practices, as it is designated as a ‘Green’ facility, aligning with the company’s broader sustainability goals.
Polestar’s financial announcements are closely watched by investors and industry analysts alike. The company has also provided a forward look at its upcoming calendar events, reinforcing transparency and investor relations.
Upcoming Calendar Events:
- Q1 2025 Global Retail Sales Volumes: Expected to be published on April 10, 2025. This release will provide insights into Polestar’s sales performance in key markets.
- Fourth Quarter and Full-Year 2024 Results: Anticipated to be released in April 2025, coinciding with the filing of its Annual Report on Form 20-F for 2024. These results will offer a comprehensive overview of Polestar’s financial performance throughout 2024.
Polestar, headquartered in Gothenburg, Sweden, is rapidly establishing itself as a key player in the electric vehicle sector. With a focus on pioneering design and innovation, Polestar is dedicated to accelerating the global transition towards sustainable mobility. Currently, Polestar vehicles are available in 27 markets across North America, Europe, and Asia Pacific, indicating a strong global footprint.
The current Polestar lineup includes the Polestar 2, Polestar 3, and Polestar 4. Future models are also in development, including the Polestar 5 four-door GT (due in 2025), the Polestar 6 roadster, and the Polestar 7 compact SUV, signaling an ambitious expansion of its product portfolio. Polestar’s manufacturing operations span two continents, North America and Asia, with plans to further diversify its manufacturing base by adding production in Europe with the Polestar 7.
Sustainability is deeply embedded in Polestar’s corporate strategy. The company has announced ambitious climate targets, aiming to reduce greenhouse gas emissions per vehicle sold by half by 2030 and achieve climate neutrality across its entire value chain by 2040. Polestar’s comprehensive sustainability strategy encompasses four key areas: Climate action, Transparency in operations, Circularity in resource use, and Inclusion across its value chain.
Forward-Looking Statements
This announcement includes forward-looking statements that reflect Polestar’s current expectations and beliefs regarding future events. These statements are inherently subject to risks and uncertainties, and actual results may differ materially. Investors are encouraged to review the “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” sections in Polestar’s Form 20-F and other filings with the U.S. Securities and Exchange Commission for a comprehensive understanding of potential risks. Polestar undertakes no obligation to update these statements unless required by law.
Contacts
Anna Gavrilova
Head of Investor Relations
[email protected]
Theo Kjellberg
Head of Corporate Communications
[email protected]
