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Polestar aims for $20B valuation in planned merger with Gores Guggenheim

Teslarati

SEPTEMBER 27, 2021

Swedish electric car startup Polestar is already backed by countrymate Volvo, but the automaker is now planning to merge with SPAC Gores Guggenheim to list shares on Nasdaq and raise around $1 billion to expand manufacturing lines. is acting as a financial advisor and lead capital markets advisor to Gores Guggenheim.

Gore 108
Gore Volvo Financing Electric Cars 108
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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

AUGUST 29, 2022

EVs above a certain price ($55,000 for sedans and $80,000 for SUVs, pickups and vans) won’t qualify, even if other tests are met, leaving only about a dozen EVs eligible for the credit at today’s prices. a certain percentage of “critical minerals” must come from North America or countries with free trade agreements with the US.

Electric Vehicles 52
Electric Vehicles Tax Credit Industrial Industry 52
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