SK Group was among the participants in a round representing the first external funding for Volvo Cars' electric vehicle spinoff.

Polestar, the Sweden-based electric vehicle (EV) developer spun off by automotive manufacturer Volvo Cars, received $550m in funding from investors including conglomerate SK Group yesterday. Chongqing Chengxing Equity Investment Fund Partnership co-led the round with Zibo Financial Holding and Zibo Hightech Industrial Investment, and it included undisclosed other participants. It represents the brand’s first external…

The rest of this content is only accessible to Corporate Venturing: News, Data, and Events - Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.