Here are several SPACs that could benefit from a President Joe Biden administration.
Charging Infrastructure: Biden has called for more than 500,000 charging stations across the U.S. This could help a company like
Switchback Energy Acquisition Corp (NYSE:SBE) to bring ChargePoint public.
TPG Pace Beneficial Finance Corp (NYSE:TPGY) is bringing EVBox, a European charging company, public in a SPAC deal. The company is planning to expand into the U.S. and could quickly build out its network among the growing need for charging stations.
Nuvve has vehicle to grid technology, which could help boost the efforts of charging infrastructure supporting the power grids. Nuvve is going public with
What s Going on With All These SPACs?
Posted January 26, 2021
A lot of changes happened in 2020 both good and bad. Last year saw a rise in blank-check, or special purchase acquisition company (SPAC), IPOs. It was just another aspect of 2020 that made it a standout year. Generally, there has always been the occasional blank check that would go public. However, the amount that went public in 2020 was remarkable.
According to data by Dealogic, as of December 24, 2020, these SPACs raised a record $82.1 billion that year, which was a sixfold increase from 2019’s record high. This new record also accounted for almost half of the 2020 IPO market’s total proceeds obviously a huge addition to an already robust IPO market that year.
Nissan that gives $250 charging credits to customers.
The company is also the first charging network with integrated Tesla connectors. Going forward, over 770 connectors are being added to chargers to help Tesla customers.
In the electric vehicle charging market, EVgo competes with
Blink Charging (NASDAQ: BLNK), Electrify America, which is owned by
Volkswagen (OTC: VWAGY) and ChargePoint, which is merging with SPAC
TPG Pace Beneficial Finance Corp (NYSE: TPGY), could also soon be a competitor as it seeks to enter the U.S. market.
ChargePoint and EVBox both have hundreds of thousands of charging stations. EVgo is the leader in DCFC trailing only Tesla by the number of locations with fast charging stations. Chargepoint had 731 locations as of June, Electrify America had 438 and Blink was part of a combined group that had 140 DCFC.
Charging Network EVgo Near Merger With Climate Change SPAC
Jan 25 2021, 1:12 PM
January 22 2021, 10:33 AM
January 25 2021, 1:12 PM
(Bloomberg) EVgo Services LLC, a charging network for electric vehicles thatâs entirely powered by renewable energy, is nearing a deal to go public through a merger with Climate Change Crisis Real Impact I Acquisition Corp., according to people with knowledge of the matter.
(Bloomberg) EVgo Services LLC, a charging network for electric vehicles thatâs entirely powered by renewable energy, is nearing a deal to go public through a merger with Climate Change Crisis Real Impact I Acquisition Corp., according to people with knowledge of the matter.