Polestar (PSNY) said Monday it obtained a $400 million equity investment from Feathertop Funding Limited and Standard Chartered Bank Limited.

The investors contributed $200 million each and entered into an agreement with a Geely Sweden unit that allows them to exit the investment in three years with specific returns, the company said.

The company also said the terms of this deal are comparable to the equity financing it reached in December 2025.

Shares of the company were up 1.6% in recent Monday premarket activity.