So I think we have a very strong story with Polestar which is attractive to many," Volvo CEO Hakan Samuelsson told journalists. "We're on (fundraising) already today talking to potential investors," he said, adding that the fundraising could happen via a private placement and would depend on a good valuation and an attractive case. Volvo and Chinese parent Geely have each held a 50 percent stake in Polestar since 2017, when they agreed to jointly invest 5 billion Chinese yuan renminbi ($736 million) to fund its initial development as a luxury electric carmaker.