Polestar And Hertz Announce Strategic Global Partnership

Hertz and Polestar announced a new global partnership that includes purchasing up to 65,000 electric vehicles (EVs) over five years. Availability is expected to begin in by mid 2022 in Europe and late 2022 in North America and Australia. For Hertz, the partnership is part of the company's ongoing commitment to lead in electrification, shared mobility and a digital-first customer experience. The partnership with Polestar builds on Hertz's announcement last October to offer its customers the largest EV rental fleet in North America and one of the largest in the world.

Stephen Scherr, Hertz CEO, said, "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."

Hertz will initially order Polestar 2 and other cars from the company are expected to join this fleet. Polestar reported that it nearly tripled volumes in 2021 and anticipates more than doubling volumes again this year. Polestar expects volumes to reach 290,000 vehicles per year by the end of 2025.

Polestar CEO Thomas Ingenlath, said, "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."