Craig Trudell and Crystal Tse

Business, Technology, Equipment, Fuel

EV Maker Polestar Valued at $20 Billion in SPAC Deal

Polestar Cables sit in the trunk of a Polestar 1 electric automobile, manufactured by Volvo. (Stefan Wermuth/Bloomberg News)

Polestar, the electric vehicle maker backed by Volvo Car Group and actor Leonardo DiCaprio, agreed to go public through a merger with a blank-check company at a roughly $20 billion enterprise valuation.

September 27, 2021