Polestar SPAC deal raises $890 million for Tesla rival

Polestar is expanding its product range with three new EVs, including two SUVs, by 2024. The first, the Polestar 3 (shown), will debut in October.

Douglas A. Bolduc

June 23, 2022 02:44 PM

Polestar and Gores Guggenheim said Thursday that they had they completed their merger, raising approximately $890 million in gross proceeds for the EV maker.

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