Volvo owned premium EV brand Polestar is considering SPAC route among other options for further fundraising

Volvo owned premium EV brand Polestar is considering SPAC route among other options for further fundraising

Volvo owned premium EV brand Polestar is considering SPAC route among other options for further fundraising

Polestar, the Swedish high-performance electric vehicle (EV) brand owned by Volvo Cars, was considering, among other options, a merger with a special purpose acquisition company (SPAC) to raise more capital, its chief executive said on Monday.“There is high interest from more people and more investors [in Polestar’s next rounds of financing],” Thomas Ingenlath told the Post during the 2021 Shanghai Auto Show. “We are not decided, or fixed on any of the options. There are more options on the…

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