QEV Technologies to go public via a SPAC merger with SPEAR Investments I in a €209m deal.

QEV Technologies, a spanish electric vehicle company, agreed to go public via a SPAC merger with SPEAR Investments I, a SPAC aimed at acquiring a midmarket company with its headquarters or the majority of its operations in europe, in a €209m deal. “This proposed business combination with SPEAR demonstrates the strength of the project driven by QEV and the market’s support for companies in the e-mobility sector which combine technology, production capacity and orders. The merger and listing on Euronext Amsterdam will allow us to take a major leap forward in sustainable mobility in Spain and Europe while further validating the reindustrialisation process at Zona Franca in Barcelona. It will also have a strong positive impact on the creation of jobs and contribute to the success of the European automotive sector,” Joan Orus, QEV Technologies CEO.