Polestar will be ringing the opening bell at Nasdaq in New York City on June 28 to celebrate the company’s public listing, trading under the PSNY symbol after completing a business combination with Gores Guggenheim.
Polestar has raised about US$890 million gross proceeds through the deal and began trading on the Nasdaq on June 24.
The Nasdaq listing will help Polestar achieve its plans for rapid growth, anchored by its key values of design, innovation and sustainability, the brand says.
With two award-winning cars on the road in 25 markets, Polestar plans to increase sales volumes tenfold from about 29,000 cars in 2021 to 290,000 in 2025.
Polestar was also at the Goodwood Festival of Speed in the United Kingdom from June 23-26.
“Listing on the Nasdaq is an incredibly proud moment for Polestar,” says Polestar chief executive Thomas Ingenlath.
“We set out to create an outstanding new EV brand with the mission to accelerate the shift towards sustainable mobility. With 55,000 cars on the road today and global recognition as made evident by over 100 awards, we have built a strong foundation for future growth.
“We are now expanding our product range with three new premium electric models, including two SUVs, by 2024. The first, Polestar 3, a full-size electric SUV, will launch in October 2022.”
The Gores Group chairman and chief executive Alec Gores says they look forward to what’s ahead.
Click here for a live stream of the June 28 celebration.
