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Geely-Backed Polestar Announces $400 Million In Funding Via Special Purpose Vehicle - Polestar Automotive (NASDAQ:PSNY)
Benzinga· 2026-02-02 10:32
Geely Automobile Holdings Ltd.-backed (OTC:GELYF) (OTC:GELHY) Polestar Automotive Holding UK PLC (NASDAQ:PSNY) has secured over $400 million in funding through a Special Purpose Vehicle (SPV).Sumimoto Mitsui, Standard Chartered Funded PolestarThe Swedish automaker, in an official statement on Monday, announced that Sumimoto Mitsui Banking Corp., as well as Standard Chartered Bank Ltd. (Hong Kong), invested $200 million each via Feathertop Funding Ltd., a special purpose vehicle.Both institutions will purcha ...