Polestar, an electric carmaker, secures nearly $1 billion in financing through a loan from banks to support the rollout of more electric models. The company's outlook improves with the external cash injection, addressing a funding gap left by Volvo Cars.
Polestar $PSNY Jumps Over 22% After EV Maker Secures Almost $1B in Financing https://t.co/w5nMw2dqZ2 Dumb banks. You don't finance a company like this w/a 3-yr loan facility. You need long-term capital to finance long-term investments. What makes the bankers smarter than Volvo?
Polestar is borrowing about $1 billion from banks to help fund the struggling carmaker's rollout of more electric models https://t.co/W9Wzqmd4OB
Polestar lands $1B loan to keep EV plans on track https://t.co/5jtSBMMSBz
Funding secured: Polestar's (PSNY) outlook bounces back with $1 billion in external cash https://t.co/i9P9fWx1xs by @scooterdoll
⚠️ POLESTAR RAISES ALMOST $1 BILLION, SEES MARGINS IMPROVING IN 2024 (Reuters) Polestar said on Wednesday it had raised a $950 million loan from a bank syndicate, helping to fill a gap left when Volvo Cars said it would stop funding the electric carmaker. Polestar also… https://t.co/ZXBKVbaSU8