Polestar announced USD 300 million in new equity financing via Class A ADSs at USD 19.34 each from purchasers including Crédit Agricole CIB, Vida Finance S.A., Innovator Limited, and Proximastar Holdings Company Limited, with put options from a Geely Sweden Holdings AB subsidiary. This completes a targeted USD 1 billion in new equity since December 2025, strengthening balance sheet, liquidity, and free float.
Key takeaways
USD 300 million equity investments announced on 2026-03-16
Purchasers: Crédit Agricole CIB, Vida Finance S.A., Innovator Limited, Proximastar Holdings Company Limited
Price per Class A ADS: USD 19.34, same as December 2025 and February 2026 financings
Put option arrangements with wholly-owned subsidiary of Geely Sweden Holdings AB for 3-year exit
Targeted USD 1 billion total new equity funding completed since December 2025
Expected closing by 2026-03-19; no purchaser to own more than 5% post-closing