Swedish Car-maker Polestar Delivering 65,000 EVs to Hertz

Swedish electric car manufacturer, Polestar has announced that it has begun delivering new Polestar 2 electric cars to car rental major Hertz as per the earlier signed agreement. The official statement held that Polestar will supply the global car rental giant with 65,000 cars over the next five years.

The deal between Polestar and Hertz entails one of the largest single orders for electric cars ever made. Polestar also said that its long-term plan is to increase annual sales to approximately 290,000 cars by the end of 2025. This growth is already underway – Polestar has taken over 32,000 customer orders for Polestar 2 since the start of 2022, representing an increase of 290% versus the same period in 2021.

Thomas Ingenlath, CEO of Polestar, mentioned, “Our partnership with Hertz is an exciting milestone that provides the opportunity for a significant number of potential new customers to experience an EV for the first time, and it will be in a Polestar. With over 55,000 Polestar cars already on the road across our 25 live markets there is no doubt that our brand is growing at an incredible pace.”

Hertz is initially receiving Polestar 2 model car which has also featured in the current Hertz “Let’s go” marketing campaign, further reinforcing the partnership between the two companies.

“We’re excited to add this first delivery of Polestars to our fleet, expanding the opportunities for Hertz customers to enjoy the experience of driving an electric vehicle,” says Darren Arrington, executive vice president, Revenue Management and Fleet Acquisition for Hertz.

The automaker also stated that Polestar 2 offers avant-garde Scandinavian design and leading in-car technology. The Hertz agreement includes forthcoming Polestar models such as the Polestar 3 electric SUV which has its world premiere in October 2022.

Polestar also said that it intends to list on the Nasdaq in a proposed business combination with Gores Guggenheim, which is expected to close in June 2022.