Polestar announces USD 400 million equity financing round

Polestar reports a USD 400 million equity financing with SMBC-linked Feathertop Funding and Standard Chartered, strengthening liquidity and balance sheet.

Polestar has announced a new round of equity financing totaling USD 400 million, securing fresh capital from Feathertop Funding Limited, a special purpose vehicle consolidated with Sumitomo Mitsui Banking Corporation, and Standard Chartered Bank (Hong Kong) Limited. Each investor will contribute USD 200 million.

The transaction follows a structure already familiar to the company. Alongside the share purchase, both financial institutions have entered into put option arrangements with a wholly owned subsidiary of Geely Sweden Holdings AB. These arrangements provide an exit path after three years under defined return conditions. Polestar notes that the terms mirror those of the equity financing announced in December 2025.

The price per Class A ADS has been set at USD 19.34, matching the level of the previous financing round. Upon closing, neither investor is expected to hold more than 10% of Polestar’s outstanding equity. The ADSs issued will not be subject to contractual resale restrictions, aside from applicable securities regulations.

The company expects the transaction to close by 5 February 2026, with no regulatory approvals required. BofA Securities is acting as Polestar’s exclusive financial advisor on the deal.

Chief Executive Officer Michael Lohscheller described the financing as another step toward strengthening the company’s liquidity position and balance sheet. Following a record year of retail sales and earlier funding announcements, the additional capital, supported by Geely Holding, is intended to reinforce Polestar’s financial foundation as it continues to focus on building a more resilient business.