EV company Polestar and Gores Guggenheim expect to raise $850 million. Polestar’s stock has now started trading on Nasdaq under “PSNY.”
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Production of the all-electric SUV is expected to begin in early 2023.
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The app-based platform allows retail and fleet drivers opportunity to try out a Polestar 2 electric sedan with one monthly payment, no purchase commitment or lease obligation, and the right to purchase.
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According to the StoreDot company, StoreDot technology has been designed and synthesized proprietary organic and inorganic compounds that enable a full EV charge in as little as five minutes.
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The tally more than doubles last year's comparable period. Orders for Polestars have more than tripled to nearly 23,000 in the same period.
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Polestar released its Annual Review and Sustainability report, sharing wins toward climate goals and use of renewable energy.
Read More →The higher battery capacity in the Polestar 2 leads to and increased maximum range of up to 295 miles, faster charging, and higher motor output.
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Availability of the Polestar 2 will be spring 2022 in Europe followed by late 2022 in North America and Australia.
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The collaboration is in line with Autoliv’s commitment to be the first automotive safety supplier to become carbon neutral in its own operations by 2030.
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Volvo will feature the C40 Recharge and XC40 Recharge all-electric vehicles at the Global Fleet Conference in Hollywood, Florida, from June 7 - June 9. The Polestar brand will also showcase a Polestar 2.
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