Polestar secures $600 million through equity investment and debt conversion

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Go back to Polestar secures $600 million through equity investment and debt conversion

Polestar announces equity financing transaction of USD 300 million and a USD 300 million debt to equity conversion

December 19, 2025 4:15 PM EST

GOTHENBURG, Sweden--(BUSINESS WIRE)-- Polestar (Nasdaq: PSNY) today announced a USD 300 million equity investment by Banco Bilbao Vizcaya Argentaria, S.A. and NATIXIS, with USD 150 million each. Concurrent with the purchase, these financial institutions have each entered into a put option arrangement with a wholly-owned subsidiary of Geely Sweden Holdings AB, which provides the financial institutions with an exit path, if needed, in three years with certain returns, as part of this equity financing arrangement.

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