SPACs, are still a hot ticket right now for the electric-vehicle sector. Though many of the companies that went public via this route haven’t fared especially well the last few months, there are still plenty more planned, Bloomberg reports.
The latest data from BNEF shows 13 EV-related SPACs that have been completed, and 14 more pending expected acquisitions in the second half of 2021. This includes companies involved not just in making vehicles themselves, but also in the EV battery supply chain and charging infrastructure.
The interest in this approach shouldn’t be surprising — most parts of the EV value chain are quite capital-intensive, and it’s a long road between investor slide decks and pilot projects to factories cranking out thousands of vehicles or batteries every week. Read more.
