• Polestar Announces IPO Along with 3, 4, and 5 Model Teaser

Polestar will be a publicly traded company, and to celebrate, the company is teasing three new vehicles.

The famous Swedish performance brand Polestar has been owned by another car manufacturer for pretty much its entire existence - mainly Volvo. However, the storied tuner will now be able to be owned by the average person as well, as it’s about to go public.

Polestar Announces IPO Along with 3, 4, and 5 Model Teaser
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Polestar just teased the next their next three models, presumably named the 3, 4, and 5.

By the end of the first half of 2022, Polestar will have merged with Gores Guggenheim Inc., an American special purpose acquisition company (SPAC).

What does the business side of this look like?

Polestar Announces IPO Along with 3, 4, and 5 Model Teaser
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Gores Guggenheim Inc. is an American SPAC company, it buys other companies and takes them public.

In case you are unfamiliar with that kind of business, it is essentially a publically traded company whose sole purpose is to acquire another company, in this case, Polestar, to make the acquired company publically traded. This not only gives the acquired company more money from selling stocks, but it also funds the SPAC because they own a company that is making money.

The finished product will be officially named Polestar Automotive Holding UK Limited, however, the company will still largely just be known as Polestar. This business will have the stock ticker PSNY when it goes public.

Right off the bat, the shareholders will be from Polestar and Gores Guggenheim Inc., obviously. However, Gores Guggenheim Inc.’s sponsor and public and private investors will also be shareholders of the new company.

Company culture and tradition

Polestar Announces IPO Along with 3, 4, and 5 Model Teaser
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The merger may result in something close to the Precept Concept coming to fruition.

Anyway, what does all this mean for the future of Polestar and its customers immediately? Well, we know now that this merging will not affect Polestar customers. Their lives will go on as usual, except they may also be able to purchase shares in the company in the first half of 2022 when Polestar goes public.

None of this means Polestar will become an American company. The brand said,

"Polestar remains a Swedish-headquartered global electric performance car company and we will continue to leverage our Scandinavian roots to create design-led, avant-garde electric vehicles."

The future of Polestar

Polestar Announces IPO Along with 3, 4, and 5 Model Teaser
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Expect Polestars to still be hopped up, electric, Volvos.

So, what does all this actually mean for the future of Polestar? Well, expect them to sort of continue on as they have for the last couple of years now. They will be sort of hopped-up, electric, and incredibly safe Volvos with great styling and gorgeous interiors.

The main thing this means, at least in terms of business, is that Polestar is not going to fizzle out into oblivion anytime soon.

They will have plenty of money to support themselves, especially if the 2 continues to sell and if the 3, 4, and 5 models that have been teased sell as well as their predecessors.

Polestar may also be able to inject some of this new money, at least when they get it, into their upcoming models. An investment that would result in their models being even better to drive, more comfortable, and with better interiors, simply because Polestar will be able to afford it.

Polestar Announces IPO Along with 3, 4, and 5 Model Teaser
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The extra cash rolling through could make the upcoming models even better.

This could give them a much better chance in their fight with Tesla, as the American startup’s only upcoming models are the Roadster and the Cybertruck, which both seem to be a bit up in the air, to say the least.

Not to mention increasing their odds against General Motors and Volkswagen, both of which have invested millions upon millions of dollars into their future EV’s.

Josh Conturo
Josh Conturo
Hello, I am the new intern here at TopSpeed! I grew up in Columbus, Ohio, and am a senior at Capital University in Bexley, Ohio. I got into cars as a kid playing video games like Need for Speed: Underground and going to car shows with my grandfather. Once I got to college I realized I love writing and decided to combine that with my love of cars and began writing for the school newspaper. fast froward a couple years and here we are!  Read full bio
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