About Polestar
Polestar is a company based in Goteborg (Sweden) founded in 1996. It operates as a Direct-to-Consumer (D2C). Polestar has raised $550 million across 5 funding rounds from investors including Citi, ING and HSBC. The company has 2,550 employees as of December 31, 2024. Polestar offers products and services including Electric Vehicles. Polestar operates in a competitive market with competitors including NIO, Tesla, Fisker, Beijing Che Lixing Information Technology and Segway-Ninebot, among others.
- Headquarter Goteborg, Sweden
- Employees 2550 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$2.03 B-14.1as on Dec 31, 2024
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Net Profit
$-2.05 B-73.44as on Dec 31, 2024
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EBITDA
$-1.75 B-25.31as on Dec 31, 2024
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Total Equity Funding
$550 M (USD)
in 5 rounds
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Latest Funding Round
$200 M (USD), Post-IPO
Jun 16, 2025
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Investors
Citi
& 12 more
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Employee Count
2550
as on Dec 31, 2024
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IPO & Listings of Polestar
Polestar is a publicly listed company on the NASDAQ with ticker symbol PSNY in USA, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Polestar
Polestar offers a comprehensive portfolio of products and services, including Electric Vehicles. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electric vehicles are designed for progressive performance driving.
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Software Development Team
68 people
Sales and Marketing
58 people
Finance and Accounting
30 people
Head Team
26 people
Creative and Marketing Team
21 people
Product Management Team
20 people
Operations Team
18 people
Leadership Team
15 people
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Funding Insights of Polestar
Polestar has successfully raised a total of $550M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $200 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $200.0M
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First Round
First Round
(15 Apr 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Post-IPO - Polestar | Valuation |
investors |
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| Feb, 2024 | Amount | Debt – Conventional - Polestar | Valuation |
investors |
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| Nov, 2022 | Amount | Debt – Conventional - Polestar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Polestar
Polestar has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Citi, ING and HSBC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private debt investments are directed toward direct and indirect loans.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward electric car companies.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Polestar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Polestar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Polestar Comparisons
Competitors of Polestar
Polestar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NIO, Tesla, Fisker, Beijing Che Lixing Information Technology and Segway-Ninebot, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-enabled electric vehicles and battery-swapping systems are developed by NIO.
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| domain | founded_year | HQ Location |
Electric vehicles and solar energy products are manufactured.
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| domain | founded_year | HQ Location |
Electric vehicles are manufactured and leased by Fisker Inc.
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| domain | founded_year | HQ Location |
Electric SUVs are manufactured in Beijing, China.
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| domain | founded_year | HQ Location |
Multi-category electric vehicles and robots are manufactured by Segway-Ninebot.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Polestar
Frequently Asked Questions about Polestar
When was Polestar founded?
Polestar was founded in 1996 and raised its 1st funding round 25 years after it was founded.
Where is Polestar located?
Polestar is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Who is the current CEO of Polestar?
Thomas Ingenlath is the current CEO of Polestar.
Is Polestar a funded company?
Polestar is a funded company, having raised a total of $550M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1.58B, raised on Apr 15, 2021.
How many employees does Polestar have?
As of Dec 31, 2024, the latest employee count at Polestar is 2,550.
What is the annual revenue of Polestar?
Annual revenue of Polestar is $2.03B as on Dec 31, 2024.
What does Polestar do?
Polestar is focused on the design and production of electric vehicles, emphasizing progressive performance. The company operates within the automotive sector, targeting customers seeking sustainable and high-performance driving solutions. Operations span multiple regions globally, including Europe, North America, Asia-Pacific, and the Middle East, with tailored offerings for diverse markets.
Who are the top competitors of Polestar?
Polestar's top competitors include Beijing Che Lixing Information Technology, Fisker and Tesla.
What products or services does Polestar offer?
Polestar offers Electric Vehicles.
Is Polestar publicly traded?
Yes, Polestar is publicly traded on NASDAQ under the ticker symbol PSNY.
Who are Polestar's investors?
Polestar has 13 investors. Key investors include Citi, ING, HSBC, Standard Chartered, and Natixis.
What is Polestar's ticker symbol?
The ticker symbol of Polestar is PSNY on NASDAQ.
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