Polestar Receives $1.6B From Volvo & Geely! |
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1. Polestar is receiving $1.6 Billion Dollars. “Volvo Cars is providing USD 800mn principal amount 18-month term loan, with an equity conversion option for Volvo Cars. This loan amount is on par with the direct and indirect financial and liquidity support that Polestar’s other major shareholder, PSD Investment, is providing.” Polestar Investors Docs
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