Polestar is interested in raising more equity, its chief financial officer Per Ansgar told an investor call on Thursday. Ansgar spoke a day after the firm said it had raised a $950 million loan from a bank syndicate, helping to fill a gap left when Volvo Cars said earlier this month it would stop funding the electric carmaker. Polestar lacks an additional $350 million to reach the $1.3 billion in external funding it has said it needs to break even in 2025.
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