Volvo Cars supports the future growth of Polestar
Volvo Cars is acting on its commitment to support the growth and development of Polestar by providing financial support in the form of an 18-month term loan, amounting to a total of USD 800M. The loan includes an option for Volvo Cars to convert to equity on a pro rata basis in a potential future equity raise by Polestar. The loan amount from Volvo Cars is on par with the direct and indirect financial and liquidity support that Polestar’s other major shareholder, PSD Investment, is providing. This package, alongside other planned financing activities by Polestar, provides the