Polestar is the latest electric car manufacturer to go public following a merger with special purpose acquisition company (SPAC) Gores Guggenheim Inc, raising $890 million in the process.
The Swedish electric performance car brand began trading on the Nasdaq in New York on June 24 under the ticker PSNY. The US listing marks a significant milestone for the brand that launched in 2017 combining startup agility with access to established OEM manufacturing expertise and capacity from its main Volvo Cars and Geely.