Posts tagged with "Thomas Ingenlath"

image from Donny Nordlicht for use by 360 Magazine

POLESTAR 2 REVEALED AT GOODWOOD FESTIVAL

  • Experimental Polestar 2 pushes the boundaries of the electric performance fastback
  • Power turned up to 476 hp (350 kW)
  • Polestar 1 brake and wheel upgrade and heavily tuned suspension enhance handling characteristics
  • Chief chassis engineer Joakim Rydholm to tackle the Goodwood hill throughout event

Polestar has revealed an experimental Polestar 2 at the Goodwood Festival of Speed. The EV has been given a makeover that was inspired by CEO Thomas Ingenlath’s desire to push the boundaries of the electric performance fastback’s design and performance potential.

“I challenged the design and engineering teams to play with Polestar 2 and come up with something that makes a strong statement for Goodwood,” comments Ingenlath. “For a few months I have enjoyed driving another experimental Polestar 2, nicknamed ‘Beast,’ around our Gothenburg campus, which inspired the team to come up with this version for Goodwood. We want to flex our muscles and explore opportunities.”

The Long range Dual motor Polestar 2 now produces a combined output of 476 hp (350 kW) from its twin electric motors. The car has been given a stronger stance, with a wider track (+10 mm on each side) and lower ride height (-30 mm). Widened wheel arches have been fitted, required to house the 9×21-inch wheels and 6-piston Akebono front brakes from Polestar 1. The 275/30R21 Pirelli PZero Rosso performance tires are also carried over from Polestar 1.

The springs have been stiffened by 80% at the front and 40% at the rear compared to the original performance units, and the adjustable Öhlins DFV dampers have been upgraded to Öhlins three-way performance dampers which are approximately 30% stiffer than the road and track originals. To further increase rigidity, the carbon fiber front suspension strut bar from a Volvo S60 Polestar Engineered has been fitted, complemented by a custom-fabricated rear strut bar.

“This car is what happens when we are given freedom to go beyond our limits,” says Joakim Rydholm, Polestar’s chief chassis engineer. “We already have such great handling and performance characteristics in Polestar 2, but when Thomas asked me to make something special for Goodwood, I was really excited to up the stakes.”

In addition to the mechanical upgrades, the car features updated front and rear bumpers. The car is finished in Snow Matte with a Magnesium Matte racing stripe, color-coded front grid and glossy black mirrors. Bumpers and side skirts feature an additional color-coded design accent. The wheels feature dual tonality of glossy and matte black surfaces.

Maximilian Missoni, Head of Design at Polestar, comments: “It’s always exciting to push a little bit further. This is one of the benefits of being a start-up like Polestar—we don’t have a mould to fit into so we can experiment with fun projects like this.”

Hillclimb runs will be completed during the event and the experimental Polestar 2 can be found in the First Glance Paddock, adjacent to the Polestar stand. The car will be piloted by Polestar’s lead chassis engineer, Joakim Rydholm, who made his first appearance at the Goodwood Festival of Speed in 2018 with the debut of the first driving prototype of Polestar 1.

Joakim Rydholm concludes: “Polestar 2 is already a wonderfully dynamic car and we have spent thousands of hours fine-tuning its driving characteristics. The new chassis set-up for Goodwood has really taken it to the next level. I can’t wait to go up the hill!”

Polestar 2 illustration by Heather Skovlund for 360 Magazine

Polestar × Circulor

Polestar Announces Partnership with Circulor as an Important Step in Transparency Journey

  • Polestar enters strategic partnership with blockchain provider Circulor
  • Collaboration targets blockchain traceability and CO2e tracking
  • Progressive in scope and ambition, partnership enables unprecedented supply chain transparency

Polestar, the electric performance car brand, is spearheading a movement for transparency throughout the automotive industry to accelerate the shift to a climate-neutral future. In April 2021, the company announced plans for a climate neutral car by 2030—Polestar now communicates an important step on its transparency journey, announcing a new partnership with blockchain provider Circulor.

Polestar already works with Circulor on the traceability of cobalt in the batteries for the Polestar 2 electric performance fastback. With this new partnership, Polestar and Circulor have set a progressive scope and ambition that aims to entail a range of raw materials, focusing on those with identified risks in either environmental and/or human rights, such as nickel, mica, manganese, graphite and lithium, amongst others.

True climate action needs transparency, and the aim with CO2e tracking is to finally see the embedded emissions that have been created as part of the production process, per facility as well as those inherited from suppliers through the supply chain. The greenhouse gas tracking solution offered by Circulor enables a more accurate CO2e footprint than using generic emissions data from databases.

“Caring about ethics and the environment is key to Polestar. This unprecedented level of traceability means that Polestar can promote sustainable and ethical practices in its supply chain, and provide better transparency for consumers,” says Polestar CEO Thomas Ingenlath.

“We are delighted to be a strategic partner of Polestar and play a key role in enabling supply chain transparency for Polestar, its suppliers and its customers. Our platform’s ability to dynamically track and attribute CO2e across the supply chain will help enable Polestar’s moonshot goal to create a climate-neutral car by 2030,” says Douglas Johnson-Poensgen, Circulor CEO.

Circulor supports businesses in achieving more sustainable supply chains and works with blockchain technology to trace materials. A blockchain is a digital ledger containing a list of records linked to each other via cryptography. A ‘digital twin’ for the raw material being traced is created and the material is then tracked through the supply chain, creating a digital thread that follows and records the various industrial processes and transformations it undergoes.

This means that the source and the methods by which the raw materials are extracted, processed and transported, can be better regulated, helping to ensure that the materials used in battery production come from the expected mines or recycling facilities. Blockchain technology is already applied to Polestar 2, to support the traceability of cobalt in its batteries.

Polestar is on a mission to drive the shift to sustainable mobility. Supply chain transparency is one big step on the journey. Consumers will be able to follow the journey thanks to Polestar’s Product Sustainability Declaration, which discloses carbon footprint and traced risk materials through labeling on the company website and in Polestar Spaces, setting a unique transparency precedent for the industry.

About Polestar

Polestar is the independent Swedish premium electric performance car brand founded by Volvo Cars and Geely Holding. Established in 2017, Polestar enjoys specific technological and engineering synergies with Volvo Cars and benefits from significant economies of scale as a result. The company is headquartered in Gothenburg, Sweden, and its vehicles are available and on the road in ten global markets across Europe, North America, and China. In 2021, Polestar is expanding into eight new markets across Europe and Asia Pacific.

Polestar produces two electric performance cars. Polestar 1 is a low-volume electric performance hybrid GT with a carbon fiber body, 619 hp, 738 lb-ft of torque, and an electric only range of 60 miles – the longest of any hybrid car in the world. The Polestar 2 electric performance fastback is the company’s first fully electric, high volume car. The Polestar 2 model range includes three variants with a combination of long- and standard range batteries as large as 78 kWh, and dual- and single motor powertrains with as much as 408 hp and 487 lb-ft of torque.

In the future, the Polestar 3 electric performance SUV will join the portfolio, as well as the Precept – a design study vehicle released in 2020 that is slated for future production. Precept showcases the brand’s future vision in terms of sustainability, digital technology and design.

Images provided by: Taylor Vande Beek (Extension PR)

Polestar 2 illustration by Heather Skovlund (original photo credit: Polestar Press) for 360 Magazine

Polestar Raises $550 Million

Polestar Raises $550 Million from New Investors; Further Fundraising Considered

Polestar, the Swedish electric performance car company, has raised $550 million (USD) from a group of long-term financial investors.

The private placement of newly issued shares marks the first-time external investors have backed Polestar’s products, brand, industrial capability, financial ambitions and high growth potential.

The new investments come as the global market for electric cars is growing strongly, with consumers increasingly prepared to combine e-mobility with their environmental aspirations. Simultaneously, the technology behind electric cars is advancing and becoming more economical, making mass consumer adoption of electric vehicles an imminent reality.

These factors led to Polestar attracting considerable interest from a range of external investors as part of its fundraising activities. Polestar also confirms it is in ongoing discussions with global investors about possible additional fundraising. Full financial details of the transaction are not being disclosed at this stage.

The group of investors is led by Chongqing Chengxing Equity Investment Fund Partnership, Zibo Financial Holding and Zibo Hightech Industrial Investment. They have been joined by I Cube Capital, an arm of SK Inc., the South Korean global conglomerate, and a range of other investors.

The new investment sets the stage for future growth by diversifying Polestar’s funding structure. It deepens the pool of resources available to accelerate product development and technological capabilities ahead of launching several ground-breaking cars in the coming years.

Since the brand’s launch in October 2017, Polestar has developed its own high-quality manufacturing facility in China, built a global sales and distribution operation, and successfully launched two vehicles – Polestar 1 and Polestar 2 to extremely positive customer feedback and media reviews.

“Our new investors have recognized that Polestar offers an alluring combination of established industrial and technological capability alongside superlative growth potential as the global auto industry goes electric,” said Thomas Ingenlath, CEO of Polestar.

Polestar 2
Photo Credit: Polestar Media Newsroom
Polestar 2
Photo Credit: Polestar Media Newsroom
Polestar 2
Photo Credit: Polestar Media Newsroom
Polestar 2
Photo Credit: Polestar Media Newsroom