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

Teslarati
By Joey KlenderSep 27, 2021, 2:14 pm158 pts
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. The listing will give Polestar a $20 billion valuation if all goes according to…

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