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Polestar, the Swedish electric performance car brand, has launched on the Nasdaq in New York, trading as PSNY.
The US listing marks another significant milestone for the brand that launched in 2017 and has already become a global electric car company.
“This is a hugely proud moment for the entire team at Polestar,” says Thomas Ingenlath, CEO of Polestar.
“We will now open a new chapter in our story that can be summarised in one word – growth.
By 2025 we aim to be selling 290,000 cars per year, 10 times as many as we sold in 2021.
“We already have a real and successful business; this listing gives us the funds and platform to help deliver our ambitious future plans and drive industry-leading sustainability goals forward.”
Polestar has increased its presence to 25 markets, up from 19 at the end of 2021, supported with nearly 130 retail locations.
Ingenlath said: “We are adding three new premium electric cars to our line-up by 2024, starting with the launch of our first SUV, Polestar 3, later this year. This attractive product portfolio will be the base for Polestars growth in the most attractive, high-margin, global EV segments.”