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Funding secured: Polestar’s (PSNY) outlook bounces back with $1 billion in external cash

Polestar funding

Who needs Volvo anyway? Shortly after co-parent company Volvo Cars announced plans to cut ties with Polestar, the EV-centric brand has turned to an all-star lineup of international banks for external funding totaling close to one billion dollars. Polestar’s other owner, Geely Holding, is still very much involved and will also help Polestar continue work to roll out its two incoming electric SUVs and beyond.

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Polestar’s incoming Phone spotted on Google Play’s list of supported devices

Polestar Phone

A few months after sharing initial details and images, Polestar’s flagship smartphone, developed by Meizu in China, has been spotted on Google’s API website as a device compatible with the Play Store. Details of the incoming Polestar Phone remain relatively light, but we can confirm it will run on Android and support Google Play.

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2024 Polestar 2 Long Range Single Motor review: Better, but good enough?

Last week, a 2024 Polestar 2 was dropped off in front of my apartment in downtown Berlin — less than a kilometer from the center of Mitte, the most urbanized area of the German capital city. I’d never driven an EV in Germany before. Over 1000 kilometers later, including a lot of time on the speed limit-free Autobahn, I got pretty familiar with the latest version of the Polestar — a car I first drove almost three years ago.

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Polestar has delivered nearly 1,000 Polestar 4s, but had a tough 2023

Polestar posted its 2023 delivery numbers and, as expected, it’s a mixed bag for the luxury performance EV brand. With the company only meaningfully selling a single vehicle model — its Polestar 2 sedan — deliveries totaled 54,600 cars for 2023. And in Q4 of the year, the pace of deliveries slowed substantially, down to 12,800 cars (annualizing to a rate of 51,200).

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Prime time! Amazon Prime Video has been integrated in Polestar 2 operating system

Polestar Prime

Just in time for NFL Thursday Night Football, Polestar 2 owners will be able to tune in and watch the game on Amazon Prime Video from the comfort of their… EVs. Just months after adding Google’s YouTube app to its operating system, Polestar is following up by adding another major streaming app in Prime Video.

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