Announced
Completed
Financials
Tags
Acquisition
EV charging station
Majority
Private
Merger
United States
electric vehicle charging
Auto Services
Domestic
Single Bidder
Friendly
Private Equity
De-SPAC
Reverse Takeover
Completed
Synopsis
EVgo Services, an electric vehicle fast-charging network, went public via a SPAC merger with Climate Change Crisis Real Impact I Acquisition, a special purposes acquisition company, in a $2.6bn deal. The transaction will further elevate EVgo’s position as an industry-leading builder, owner and operator of public EV fast charging in the US by funding and accelerating the company’s growth strategy. “The completion of our business combination represents a critical milepost in EVgo’s ongoing evolution. I appreciate every employee, partner and driver that has positioned us to achieve this important step in our company’s history. With our new public platform, we are armed with greater resources and are more motivated than ever to make it easier for drivers to go electric through the continued expansion of what is already the largest public fast charging network in the country," Cathy Zoi, EVgo CEO.
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