EV startup Polestar signs deal to supply up to 65,000 vehicles to Hertz

Swedish EV startup Polestar will supply up to 65,000 vehicles to Hertz over five years, the two companies announced on April 4, 2022.

Polestar, a Swedish electric vehicle maker, will supply up to 65,000 vehicles over the next five years.

Polestar 2s will be available in Europe this spring and in North America and Australia by the end of the year.

Polestar's CEO said that the deal is a boon for the EV startup for a number of reasons.

Polestar CEO Thomas Ingenlath said that the partnership will bring the amazing experience of driving an electric car to a wider audience.

Polestar sold 29,000 vehicles last year. The company expects to sell 290,000 vehicles by the end of the decade.

The deal is a significant step forward in the plan to build the largest fleet of rental EV in North America and one of the largest in the world.

Volvo Cars and its parent company, the Chinese conglomerate Geely, formed a joint venture called Polestar. The merger with Gores Guggenheim will allow the company to go public by the end of the second quarter.