Finance
EV maker Polestar secures $400 million equity funding
Published by Global Banking and Finance Review
Posted on February 2, 2026
1 min readLast updated: February 2, 2026
Quick Summary
Polestar receives $400 million from Feathertop Funding, backed by Sumitomo Mitsui and Standard Chartered, to boost its electric vehicle initiatives.
EV maker Polestar secures $400 million equity funding
Polestar's Latest Funding Round
Feb 2 (Reuters) - Electric vehicle maker Polestar said on Monday it has secured a $400 million equity investment from Feathertop Funding Limited, a special purpose entity consolidated by Sumitomo Mitsui Banking Corporation and Standard Chartered Bank.
Details of the Investment
(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Janane Venkatraman)
Key Takeaways
- •Polestar secures $400 million in equity funding.
- •Investment led by Feathertop Funding Limited.
- •Sumitomo Mitsui and Standard Chartered involved.
- •Funding to support Polestar's growth.
- •Highlights continued interest in EV sector.
Frequently Asked Questions about EV maker Polestar secures $400 million equity funding
1What is equity funding?
Equity funding is the process of raising capital by selling shares of a company to investors. This allows businesses to obtain funds without incurring debt, as investors receive ownership stakes in return.
2What is an electric vehicle?
An electric vehicle (EV) is a type of vehicle that is powered by one or more electric motors, using energy typically stored in rechargeable batteries. EVs are known for being more environmentally friendly than traditional gasoline-powered vehicles.
3What is a special purpose entity?
A special purpose entity (SPE) is a legal entity created for a specific purpose, often to isolate financial risk. SPEs are commonly used in financing transactions to manage assets and liabilities separately from the parent company.
4What is venture capital?
Venture capital is a form of private equity financing that provides funds to startups and small businesses with long-term growth potential. Investors in venture capital typically seek high returns on their investments.
