Polestar’s SPAC brings its value to a mammoth $20 billion - The Fact Factory

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Wednesday 29 September 2021

Polestar’s SPAC brings its value to a mammoth $20 billion


Did you know SHIFT is taking the stage on Sept 30 and Oct 1? Together with an amazing line-up of experts, we will explore the future of mobility during TNW Conference 2021. Secure your ticket now! Swedish electric car maker Polestaris the latest company planning a deal to go public through a special purpose acquisition company (SPAC). A deal with Gores Guggenheim Inc will raise a whopping $20 billion. As a result, Polestar gains three times its projected revenues for 2023. Some history and context. Polestar is jointly owned by Volvo Cars and Chinese auto company Geely. Following the success of the Polestar 1 and 2 EVs,…

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