Polestar Announces $450M Funding and €480M Trade Facility Renewal

Polestar has secured a $450 million funding facility and renewed its €480 million trade finance agreement. Read the latest updates on the company's financial strategy and market outlook.

Swedish electric performance car brand Polestar (Nasdaq: PSNY) has secured a new 12-month funding facility of up to $450 million while also renewing its €480 million Green Trade Finance Facility (TFF), originally established in 2022. These financial moves aim to strengthen the company’s working capital and ensure steady operations amid a competitive EV market.

This follows Polestar’s December 2024 move to raise over $800 million through similar short-term facilities. Such financial injections provide flexibility, allowing the company to continue its strategic investments in product expansion and technological advancements.

Sales Performance and Market Outlook

Despite challenging market conditions, Polestar delivered 44,851 cars in 2024, marking a 15% decline compared to 2023. However, in the fourth quarter of 2024, sales rose by 5.3%, with 12,256 vehicles sold, indicating a potential recovery in demand. Looking ahead, Polestar projects an annual sales growth of 30–35% from 2025 to 2027 and aims to reach profitability in 2025.

Polestar is also preparing to expand its lineup. The Polestar 5, a four-door electric GT featuring an 871 hp dual-motor powertrain and 800V battery technology, is set to launch in 2025. Future models include the Polestar 6 electric roadster and the Polestar 7 premium compact SUV, which will be manufactured in Europe—a significant shift in Polestar’s production strategy.

Upcoming Announcements

In April 2025, Polestar will release global Q1 sales figures and report full-year 2024 financial results. Investors and analysts will closely monitor these reports to assess the company’s financial resilience and competitive positioning.

Committed to sustainability, Polestar remains focused on cutting CO₂ emissions per vehicle by 50% by 2030 and achieving climate neutrality across its value chain by 2040. As competition intensifies with Tesla, Rivian, and legacy automakers, Polestar continues to rely on innovation, design, and eco-conscious engineering to carve out its place in the EV landscape.

Source: media.polestar.com