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InsideEVs
InsideEVs
Technology
Dan Mihalascu

Polestar Goes Public On Nasdaq Via SPAC Merger, Raises $890 Million

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.

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