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Polestar

Polestar

Premium electric vehicle manufacturer

OverviewStructured DataIssuesContributors

Contents

polestar.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Electric vehicle
Electric vehicle
Automotive industry
Automotive industry
Sustainable transport
Sustainable transport
Transportation
Transportation
Manufacturing
Manufacturing
Clean technology
Clean technology
Location
Rockleigh, New Jersey
Rockleigh, New Jersey
Chengdu
Chengdu
Shanghai
Shanghai
Gothenburg
Gothenburg
B2X
B2B
B2B
B2C
B2C
0
CEO
Michael Lohscheller
Michael Lohscheller
Pitchbook URL
pitchbook.com/profiles...119670-40
Parent Organization
Volvo Cars
Volvo Cars
Volvo Car Group
Volvo Car Group
Geely
Geely
Legal classification
Aktiebolag
Aktiebolag
Number of Employees (Ranges)
1,001 – 5,0000
Phone Number
+80070708822
Number of Employees
300
Full Address
Assar Gabrielssons Väg 9 405 31 Göteborg Sweden
Place of Incorporation
Sweden
Sweden
Investors
‌
PSD Investments Limited
SK Holdings
SK Holdings
Volvo Car Group
Volvo Car Group
Founded Date
2017
0
Total Funding Amount (USD)
200,000,000
Latest Funding Round Date
June 16, 2025
Competitors
Mansory
Mansory
Arcfox
Arcfox
Volta Trucks
Volta Trucks
Tatra (company)
Tatra (company)
Mitsubishi Motors
Mitsubishi Motors
Volvo Cars
Volvo Cars
Tesla (company)
Tesla (company)
NIO (car company)
NIO (car company)
...
CFO
‌
Jonas Engstrom
Latest Funding Type
Initial public offering (IPO)
Initial public offering (IPO)
Legal Entity Identifier
529900B82PQQIJYYGY910
Country
Sweden
Sweden
Headquarters
Gothenburg
Gothenburg

Other attributes

Community Forum
polestar-forum.com
Company Operating Status
Active
Contact Page URL
polestar.com/uk/poles...act-form/
Latest Funding Round Amount (USD)
200,000,000
Owner
Volvo Cars
Volvo Cars
Partner Organizations
SSAB
SSAB
ZF Friedrichshafen
ZF Friedrichshafen
Ticker Symbol
PSNY
Wikidata ID
Q4047174

Polestar is an electric car brand operating as a subsidiary of Volvo Car Group. Polestar manufactures electric and hybrid cars as well as car engine parts and software. Polestar has several product lines: Polestar Cars, Polestar Performance Optimisation, and Polestar Performance Parts. Polestar's cars can only be purchased online or directly through Polestar, but customers are able to visit their showroom, Polestar Spaces, to see the products and conduct a test-drive.

Polestar Cars

Since its establishment as a separate subsidiary of Volvo Car Group, Polestar has released three electric vehicles: Polestar 1, Polestar 2, and Polestar Precept.

Polestar 1
1. Image of 2017 Polestar 1

1. Image of 2017 Polestar 1

The car was first launched in October 2017. It is a plug-in electric vehicle (PHEV) that combines both the power from its combustion and electrical engines, instead of the traditional switching methods used by most PHEVs. It can seat four people, and the design is based on Volvo's 2013 Concept Coupé. Polestar 1's car exterior utilizes carbon fiber polymer.

Polestar 2
2. Image of Polestar 2 prototype

2. Image of Polestar 2 prototype

Polestar 2 is Polestar's first fully electric vehicle. It is a five-door fastback with a five-seater. The car is the first car to have Android Automotive installed. Polestar 2 is the most affordable out of all Polestar's vehicle. The car also has an optional Polestar Performance upgrade that can be added to the vehicle.

Polestar Precept
3. Image of 2020 Polestar Precept

3. Image of 2020 Polestar Precept

Polestar Precept was first revealed in February 2020. The car is made using recycled and environmental-friendly products, such as materials derived from recycled PET bottles (3D-knit) and natural fiber composites (BComp). The car is a four-seater and has a rearview camera instead of rear windows. It is equipped with Google's Android Automotive operating system.

Polestar Engineered

Polestar Engineered is the division of Polestar that focuses on providing software and hardware-based vehicle upgrades for Volvo cars. Since 2013, Polestar Engineered has offered upgrades for Volvo S60 and V60 models. As of June 2020, Polestar Engineered also offers upgrades for the following Volvo series: S90, S80, S40, V90, V70, V50, V40, XC90, XC70, XC60, XC40.

Polestar Performance Parts

The upgrade parts available for the Volvo cars include chassis parts, wheels, exhaust, interior, door enhancements, trunk handles, gearshift knobs, rear spoiler, pedals, and exterior details. The parts can be bought as a Complete Performance Package or as a separate component.

Polestar Performance Optimisation

The optimisation is dedicated only to Volvo cars that are equipped with Drive-E engines. It is intended to address five areas: throttle response, off-throttle response, gearshift speed, gearshift precision and gear hold, as well as engine performance. For certain models, Polestar also offers AWD torque optimisation.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Introducing Polestar

https://www.youtube.com/watch?v=MCquocB3uEo

Web

October 17th, 2017

Introducing the Polestar 2

https://www.youtube.com/watch?v=ljWzVnYAwn8

Web

October 3rd, 2019

Polestar Precept

https://www.youtube.com/watch?v=4n9940yI7O0

Web

April 7th, 2020

The Story Behind The New Radical Electric Car Brand Polestar

Nargess Banks

https://www.forbes.com/sites/nargessbanks/2018/04/04/the-story-behind-polestar/#3368609a513a

Web

April 4, 2018

Why Volvo Is Going All-In On Electric Cars

Adele Peters

https://www.fastcompany.com/40438382/why-volvo-is-going-all-in-on-electric-cars

Web

July 6, 2017

References

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