Swedish premium electric performance car maker, Polestar today announced a global partnership with Hertz, one of the largest worldwide vehicle rental companies. The partnership includes purchasing up to 65,000 electric vehicles over five years.
According to the Hertz reports, this partnership is being a part of the firm’s ongoing commitment to lead in electrification, shared mobility, and a digital-first customer experience, the partnership is expected to offer its customers the largest EV rental fleet in North America and one of the largest in the world.
“We are excited to partner with Polestar and look forward to introducing their premium EV products into our retail and rideshare fleets,” said Stephen Scherr, Hertz CEO. “Today’s partnership with Polestar further builds on our ambition to become a leading participant in the modern mobility ecosystem and doing so as an environmentally-forward company. By working with EV industry leaders like Polestar, we can help accelerate the adoption of electrification while providing renters, corporate customers, and rideshare partners a premium EV product, exceptional experience, and lower carbon footprint.
According to sources, Polestar expects volumes to reach 290,000 vehicles per year by the end of 2025. Polestar previously announced its intention to list on Nasdaq New York in a proposed business combination with Gores Guggenheim, Inc. which is expected to close in the second quarter of 2022.
“We are delighted that Hertz has chosen Polestar as a strategic partner on their road to electrification. The partnership with a global pioneer like Hertz will bring the amazing experience of driving an electric car to a wider audience, satisfying a broad variety of our mutual customers’ short- and longer-term mobility requirements. For many of them, it may be the first time they have driven an EV, and it will be a Polestar,” said Polestar CEO Thomas Ingenlath.
