Chargepoint, one of the oldest and largest electric vehicle charing networks, announced it will go public through a SPAC merger.

For more details on financing and valuation for ChargePoint, For more details on valuation for ChargePoint, Register or Login, Chargepoint CEO on going public in $2.4 billion reverse merger: 'It was good timing for us', Chargepoint CEO on California's announcement to ban gas fueled cars by 2035, Pasquale Romano - President, CEO and Board Member, Dave Baxter - Co-Founder & VP of Hardware Engineering, Michael Linse - Kleiner Perkins Caufield & Byers. ChargePoint's revenue was $147 million last year and it forecasts growth to more than $2 billion in 2026, according to slides presented to investors. United States. From Benzinga. var aStreamValue = new Array(); The deal is expected to close near the end of the year and the company will be named ChargePoint Holdings Inc. A trading symbol on the New York Stock Exchange has not been identified. The company's Electric Vehicle (EV) charging network makes it easy for drivers to charge EVs anywhere and provides independently owned charging spots that are easy for EV drivers to find and use at home, offices, and outdoors, enabling users to shift away from fossil fuels and rely on EV charging which is both sustainable and eco-friendly. 0.00 0.00 0.00%. The advantage is a faster, cheaper route to going public and raising funds than a conventional IPO, and one that looks particularly appealing given the runup in major U.S. stock indices this year despite the economic stress of the coronavirus pandemic. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

“To get to a carbon-free economy by 2045 we can’t get there without transportation,” California Governor Gavin Newsom said in Wednesday.

var googletag = googletag || {}; } There are many good reasons to invest in SBE stock ahead of the ChargePoint SPAC deal. Stock analysis for Blink Charging Co (CCGI) including stock price, stock chart, company news, key statistics, fundamentals and company profile. A SPAC is a shell company that raises money through an initial public offering to buy an operating entity, typically within two years. ChargePoint estimates its New York Stock Exchange Listing via a merger with Switchback Energy ...[+] Acquisition Corp. is worth $2.4 billion. A trading symbol on the New York Stock Exchange has not been identified. The deal comes amid a wave of SPAC-based stock listings for electric vehicle companies and transportation tech startups, ranging from Fisker, Lordstown Motors and Canoo to hydrogen truckmaker Nikola and Luminar and Velodyne, which make laser lidar sensors for self-driving cars. googletag.cmd.push(function() { The deal is expected to close near the end of the year and the company will be named ChargePoint Holdings Inc. A trading symbol on the New York Stock Exchange has not been identified. Get data-based research, detailed reports, and unique insights on private companies and trends.

Developer of an Electric Vehicle (EV) charging network designed to transform transportation and energy use by helping people choose to drive electric. ... Stock quotes supplied by Barchart Quotes … ChargePoint, Inc. operates as an open electric vehicle charging network. , Clearvision Ventures and Quantum Energy Partners.

All rights reserved. Chargepoint CEO Pasquale Romano joins 'Squawk on the Street' to discuss the company's upcoming IPO, the future of electric vehicles, and his opinions on California Governor Gavin Newsom's decision to ban gas fueled cars by 2035. PitchBook is a financial technology company that provides data on the capital markets. Disclaimer | “We are marking a new course … with a firm goal that by 2035 we will eliminate in the state of California sales of internal combustion engines.”. Prior to the SPAC deal, ChargePoint, which operates but does not own its charging network, had raised more than $660 million. The company's Electric Vehicle (EV) charging network makes it easy for drivers to charge EVs anywhere and provides independently owned charging spots that are easy for EV drivers to find and use at home, … © 2020 PitchBook Data. SPACs have emerged as a quick route to the stock market for companies, particularly auto technology startups, and have proven popular with investors seeking to echo Tesla's high stock valuation. Cramer Discusses EV SPACs, Highlights Fisker, Hyliion. CEO Pasquale Romano joins 'Squawk on the Street' to discuss. "The EV charging industry is accelerating and it is expected that charging infrastructure investment will be $190 billion by 2030," Switchback Chief Executive Scott McNeill said. googletag.pubads().disableInitialLoad(); Its investors include Chevron’s The Company provides cloud-based service plans as annual subscriptions for providing tools, data, payment processing, and driver support. Tickers DPHC EVS GMHI HCAC. TSLA Join the EV revolution for a greener tomorrow. This is more of a choice than a necessity.”. In August, ChargePoint raised $127 million to expand its network for business and commercial fleets. ChargePoint Stock . Germany agrees $2.3 billion aid for auto industry to navigate technology shif.. Projekt "Cobalt for Development" startet Schulungen für Bergbaukooperativen i.. Find me on Twitter at @alanohnsman, © 2020 Forbes Media LLC.

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Headquartered in Campbell, CA, the company was founded in 2007 by Dave Baxter, Harjinder Bhade, … googletag.cmd = googletag.cmd || [];

Find, From Los Angeles, the U.S. capital of cars and congestion, I try to make sense of technology-driven changes reshaping transportation, cities and how we get around. “The EV charging industry is accelerating and it is expected that charging infrastructure investment will be $190 billion by 2030,” Switchback CEO and CFO Scott McNeill said in a statement. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. We've raised a ton of capital. Add to watchlist Start Trading >> News. Switchback is a special-purpose acquisition company (SPAC) that raised $300 million in an initial public offering in July 2019. All rights reserved. Made In NYC | As of December 2018, the company has over 57 thousand total charging spots spread over 10 countries. chargepoint.com | Automotive | Founded: 2007 | Funding to Date: $670,075,930 ChargePoint designs, builds, and supports all aspects of its of electric vehicle charging network including charging stations, hardware, energy management software, and the associated mobile application.

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