Polestar Secures $200M Funding from PSD Investment Limited
ByAinvest
Monday, Jun 16, 2025 9:48 pm ET1min read
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Polestar agreed to sell 190,476,190 Class A American Depositary Shares (ADS) to PSD Investment at a price of $1.05 per share, representing the volume weighted average closing sale price for the previous five consecutive trading days prior to signing. The gross proceeds from the transaction amount to $199,999,999.5 [1].
Prior to the closing of the PIPE, PSD Investment intends to convert 20,000,000 of its Class B ADS shares into Class A ADS shares to keep the overall voting power of its Polestar shareholdings below 50% [1]. Polestar intends to use the proceeds from the equity investment for working capital requirements and general corporate purposes [1].
Polestar, a Swedish electric performance car brand, is focused on uncompromised design and innovation, and aims to accelerate the transition towards a sustainable future. The company's cars are available in 28 markets globally, with three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. Planned models include the Polestar 5 four-door GT, the Polestar 6 roadster, and the Polestar 7 compact SUV. Polestar has an unwavering commitment to sustainability, with an ambitious roadmap to halve greenhouse gas emissions by 2030 per vehicle sold and achieve climate neutrality across its value chain by 2040 [1].
References:
[1] https://investors.polestar.com/news-releases/news-release-details/polestar-announces-usd-200-million-equity-investment
[2] https://www.nasdaq.com/press-release/polestar-announces-usd-200-million-equity-investment-2025-06-16
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Polestar Automotive Holding UK PLC has entered into a securities purchase agreement with PSD Investment Limited to issue 190,476,190 class A American depositary shares at an issue price of $1.05 for gross proceeds of $199,999,999.5 on June 16, 2025. Returning investor PSD Investment Limited, controlled by Shufu (Eric) Li of Geely Holding Group, will participate in the transaction.
Polestar Automotive Holding UK PLC has announced a USD 200 million equity investment by PSD Investment Limited, an existing investor controlled by Mr. Shufu (Eric) Li, Founder and Chairman of Geely Holding Group. The investment was made through a private investment in public equity (PIPE) transaction on June 16, 2025 [1].Polestar agreed to sell 190,476,190 Class A American Depositary Shares (ADS) to PSD Investment at a price of $1.05 per share, representing the volume weighted average closing sale price for the previous five consecutive trading days prior to signing. The gross proceeds from the transaction amount to $199,999,999.5 [1].
Prior to the closing of the PIPE, PSD Investment intends to convert 20,000,000 of its Class B ADS shares into Class A ADS shares to keep the overall voting power of its Polestar shareholdings below 50% [1]. Polestar intends to use the proceeds from the equity investment for working capital requirements and general corporate purposes [1].
Polestar, a Swedish electric performance car brand, is focused on uncompromised design and innovation, and aims to accelerate the transition towards a sustainable future. The company's cars are available in 28 markets globally, with three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. Planned models include the Polestar 5 four-door GT, the Polestar 6 roadster, and the Polestar 7 compact SUV. Polestar has an unwavering commitment to sustainability, with an ambitious roadmap to halve greenhouse gas emissions by 2030 per vehicle sold and achieve climate neutrality across its value chain by 2040 [1].
References:
[1] https://investors.polestar.com/news-releases/news-release-details/polestar-announces-usd-200-million-equity-investment
[2] https://www.nasdaq.com/press-release/polestar-announces-usd-200-million-equity-investment-2025-06-16
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