Company Secures New Funding for Future Development
According to the company’s statement, the new funds will provide financing for the next stages of development and cover a significant portion of financial needs. Twelve international banks, including BNP Paribas, Natixis, and HSBC, have provided a three-year credit line.
Efforts to Achieve Profitability
Despite securing new funding, Polestar continues to reduce expenses in order to achieve profitability by 2025. One of the steps taken includes a 15% reduction in staff to streamline operations and increase efficiency.
