Polestar (NASDAQ: PSNY) announced it has secured $300 million in equity investments from purchasers including Crédit Agricole CIB, Vida Finance S.A., Innovator Limited and Proximastar Holdings Company Limited.

The transaction brings Polestar's total new equity funding to $1 billion since December 2025, according to a company statement. The investors have entered into put option arrangements with a Geely Sweden Holdings subsidiary that provides an exit path in three years with certain returns.

The price per Class A ADS will be $19.34, matching the pricing in previous equity financings conducted in December 2025 and February 2026. None of the purchasers will own more than 5% of Polestar's outstanding equity following the transaction's completion.

The transactions are expected to close by March 19, 2026, with no regulatory approvals required. BofA Securities is serving as Polestar's exclusive financial advisor for the transaction.

"The last four months have seen us take steps to meaningfully strengthen our balance sheet and improve our liquidity position, through successfully raising a targeted USD 1 billion in new equity, with the continued support from Geely Holding," said Michael Lohscheller, Polestar CEO.

The Swedish electric vehicle manufacturer previously announced equity investments of $400 million in February 2026 and $300 million in December 2025, totaling $700 million in those prior rounds.

Polestar reported record retail sales in its most recent fiscal year and has announced plans for four new models over the next three years. The company currently has four models in its lineup and operates in 28 markets across North America, Europe, and Asia Pacific.