Why this billionaire investor is all in on one electric vehicle maker

Why this billionaire investor is all in on one electric vehicle maker

For investing pioneer Alec Gores — who has made his name in recent years via very successful SPAC transactions with Hostess and Luminar — cutting a large check to help bring upstart electric vehicle maker Polestar public just makes good sense. 

It simply checks all the boxes, Gores says.

“We literally see so many deals. The first thing is we vet things out quickly. Then we have a lot of conversations around things we find. The art is to start with a great company with the potential to be…


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