On February 2, 2026, Polestar Automotive, a Swedish electric vehicle manufacturer, made an announcement stating that it had successfully secured an equity investment of $400 million from Feathertop Funding Limited. Feathertop Funding Limited is a special - purpose entity that was jointly set up by Sumitomo Mitsui Banking Corporation and Standard Chartered Bank.

Michael Lohscheller, the CEO of Polestar, remarked that this round of financing would significantly enhance the company's liquidity situation and bolster its balance sheet. Following the transaction, neither Sumitomo Mitsui Banking Corporation nor Standard Chartered Bank will individually own more than 10% of Polestar's outstanding shares.

It's worth noting that prior to this, in December 2025, Polestar had already wrapped up an equity financing round worth $300 million. Moreover, the company had entered into a credit agreement with a subsidiary of Geely, through which it secured a term loan of up to $600 million. On top of that, the Geely subsidiary consented to convert roughly $300 million of Polestar's debt into equity.