Polestar secures additional $450M of funding

Polestar announced on Friday that it has secured a new loan of up to $450 million. The company also renewed an existing loan worth 480 million euros (approximately $500 million). This latest funding follows the $800 million in loans Polestar secured last December. Polestar’s sales fell 15% in 2024, ending the year at just 44,851 units. Without…