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VOLVF - Gores Guggenheim-Polestar: A Promising EV Player
Volvo Ab B
Gores Guggenheim is set to merge with Polestar.
The transaction is projected to close on 1H22 and a few weeks remain.
Polestar is unlike other EV pure-plays and already has meaningful revenues, production, scale, deliveries, and global presence.
Polestar’s non-capital-intensive approach as it leverages its parent’s infrastructure and manufacturing facilities is a gamechanger and has served them well in terms of production and deliveries thus far.