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

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Swedish electric vehicle maker Polestar will supply up to 65,000 vehicles to car rental giant Hertz Global over the next five years, the two companies announced Monday morning.

Hertz will begin making fully electric Polestar 2s available via its network in Europe this spring, and in North America and Australia before the end of 2022.

Polestar’s CEO said the deal is a boon for the EV start-up for reasons that go beyond the revenue it will realize from the sales.

“The partnership [with Hertz] will bring the amazing experience of driving an electric car to a wider audience” of Hertz customers, Polestar CEO Thomas Ingenlath said. “For many of them it may be the first time they have driven an…



Source cnbc.com

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