Shares of Volvo’s EV Brand Polestar to Begin Trading on the NASDAQ After Closing on its SPAC Deal With Gores Guggenheim

​Electric performance brand Polestar, which is jointly operated by Sweden’s Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding ("Geely"), has closed on its previously announced business combination with Gores Guggenheim, a special purpose acquisition company. As a result, the the automaker’s shares will begin trading on the NASDAQ under the ticker symbol “PSNY” on June 24, 2022.

Eric Walz2022-07-30 08:30 PT

Lucid Group Receives SEC Subpoena Over its High-Profile SPAC Deal to Launch its IPO

Newly listed Tesla challenger Lucid Group has received a subpoena from the U.S. Securities and Exchange Commission (SEC) over details surrounding its merger with special purpose acquisition company (SPAC) Churchill Capital Corp IV. California-based luxury electric vehicle startup Lucid launched its U.S. IPO after completing its merger with Churchill Capital Corp IV on July 23, 2021.

Eric Walz2022-01-12 08:45 PT

Lidar Startup Quanergy Demonstrates an Industry-First Optical Phased Array Lidar Sensor with a 100 Meter Range

Silicon Valley-based LiDAR startup Quanergy announced the development of a new long range solid-state lidar sensor using an industry-first Optical Phased Array (OPA) technology that delivers a range of 100 meters. The 100 meter range test was successfully demonstrated in partnership with Zero Electric Vehicle Inc. (ZEV).

Eric Walz2021-09-09 11:45 PT

Autonomous Driving Startup Aurora Inc. to Go Public in a SPAC Deal With a $13 Billion Valuation

Autonomous driving startup Aurora Inc., co-founded by three industry veterans, plans to go public in a merger with special purpose acquisition company (SPAC) Reinvent Technology Partners Y, a firm led by LinkedIn co-founder Reid Hoffman and Mark Pincus, the founder of game developer Zynga. The transaction will value Aurora at roughly $13 billion and represents the latest high-profile SPAC deal.

Eric Walz2021-08-21 13:30 PT

Self-Driving Truck Startup Embark to Launch IPO in a $5.2 Billion SPAC Deal

San Francisco-based autonomous truck startup Embark Trucks Inc. plans to launch an IPO this year in a merger with special purpose acquisition company (SPAC) Northern Genesis Acquisition Corp. II (Northern Genesis 2), becoming that latest startup to merge with a SPAC to secure funding from investors.

Eric Walz2021-07-30 10:15 PT

Silicon Valley-based Lidar Developer Quanergy to Launch IPO in a Merger With Blank Check Firm CITIC Capital Acquisition Corp

Silicon Valley-based lidar company Quanergy, a developer of next-generation solid state lidar sensors, announced plans to go public this year in a merger with blank check company CITIC Capital Acquisition Corp. Quanergy’s solid state lidar is designed to deliver performance, reliability and cost for the automotive market.

FutureCar Staff 2021-07-29 14:55 PT

Lidar Startup Innoviz Technologies Launches its IPO After Merger with Special Purpose Acquisition Company Collective Growth Corp

Shares of Lidar startup Innoviz Technologies debuted on Wall Street on Tuesday after its merger with special purpose acquisition company (SPAC) Collective Growth Corp. Innoviz becomes the latest startup to merge with a SPAC to launch an IPO in order to raise new capital from investors looking for opportunities in the advanced mobility sector. The combined new company has an equity value of approximately $1.4 billion.

Eric Walz2021-05-13 12:10 PT

German eVTOL Aircraft Startup Lilium Aims to Launch IPO in a Reverse Merger With Qell Acquisition Corp

German aviation startup Lilium​, a company working on electric vertical takeoff and landing (eVTOL) aircraft that might one day whisk commuters through the sky over crowded cities below plans to launch a U.S. IPO. Lilium intends to list on the Nasdaq through a merger with Qell Acquisition Corp (“Qell”), a publicly listed special purpose acquisition company (SPAC) headed by former General Motors North American President Barry Engle.

Eric Walz2021-05-08 16:30 PT

Tesla Challenger Lucid Motors to go Public in a $24 Billion SPAC Deal

California luxury electric vehicle startup Lucid Motors will become the latest startup to merging with a special purpose acquisition company (SPAC) Churchill Capital IV (NYSE: CCIV) to become a publicly traded company. Lucid Motors is one of the most promising EV startups to go public since Tesla in 2010. The company's pending IPO is already attracting the attention of investors looking for the next big thing in the EV sector.

Eric Walz2021-04-01 09:15 PT

Lucid Motors Closer to Launching its IPO in a SPAC Deal with Churchill Capital at a $12 Billion Valuation

Rumors of a potential deal that would result in California luxury electric vehicle startup Lucid Motors launching its U.S. IPO have been swirling around for the past several months. Now sources have told Reuters that a deal could be just weeks away. According to the sources, Lucid Motors is close to a SPAC deal with blank check company Churchill Capital to go public at a $12-billion valuation.

Eric Walz2021-03-26 13:05 PT

Toyota-backed Startup Joby Aviation is Seeking to Go Public in a $5 Billion SPAC Deal

The latest company reportedly seeking to go public via a SPAC deal is electric vertical takeoff and landing (VTOL) startup Joby Aviation, Reuters reports. The California aviation startup is exploring a deal to go public through a merger with a blank-check acquisition firm at a valuation of around $5 billion, according to people familiar with the matter who asked to remain anonymous because the discussions are confidential.

FutureCar Staff 2021-02-28 10:45 PT

San Francisco Lidar Startup Ouster to Go Public in a Deal Worth $1.9 Billion

​San Francisco-based Lidar company Ouster has agreed to go public in a deal that would value the company at $1.9 billion. Ouster plans to merge with special purpose acquisition company (SPAC) Colonnade Acquisition Corp. (NYSE: CLA).

Eric Walz2021-01-28 14:05 PT

Lidar Startup Innoviz Technologies to Go Public in a $1.4 Billion SPAC Deal, Shares Will be Listed on the NASDAQ

Lidar startup Innoviz Technologies is set to become the third lidar company to go public in recent months in a merger with special purpose acquisition company (SPAC) Collective Growth Corporation. The transaction is expected to close in the first quarter of 2021. The combined company is expected to have an estimated equity value of approximately $1.4 billion and to be listed on NASDAQ under the ticker symbol “INVZ”.

Eric Walz2021-01-17 12:30 PT

Silicon Valley EV Battery Developer QuantumScape Debuts on Wall Street After its Merger with Kensington Capital

Silicon Valley-based solid state battery developer QuantumScape is now officially a publicly traded company after its debut on the New York Stock Exchange (NYSE) on Friday. QuantumScape is also backed by automaker Volkswagen and Microsoft co-founder Bill Gates via his venture capital firm Breakthrough Energy Ventures, which Gates founded in 2015 to help accelerate innovations in sustainable energy.

Eric Walz2021-01-03 16:15 PT

Silicon Valley Lidar Startup Aeva Inc. Agrees to go Public in a SPAC Deal That Will Value the Company at $2.1 Billion

Silicon Valley lidar startup Aeva Inc said on Monday it has agreed to go public through a merger with special purpose acquisition company (SPAC) InterPrivate Acquisition Corp. The reverse merger deal will make Aeva the third lidar company seeking and IPO through a deal with a SPAC. The newly combined company will have an implied pro forma equity value of approximately $2.1 billion.

FutureCar Staff 2020-12-09 17:00 PT

Electric Vehicle Startup Faraday Future in Talks to go Public in a Reverse Merger Deal

​This year continues to be big for startups to launch IPO's via deals with special purpose acquisition companies (SPACs) in order to raise capital from investors on Wall Street. The latest company mulling a SPAC deal is financially troubled luxury electric vehicle startup Faraday Future. The company's CEO Carsten Breitfeld confirmed on Monday the company's plans to become a publicly traded company.

Eric Walz2020-11-12 15:45 PT

Electric Vehicle Charging Provider ChargePoint Nears Deal to Go Public, Sources Say

​Silicon Valley-based EV charging operator ChargePoint, one of the oldest and largest EV charging providers in the U.S., is close to a deal to go public in a reverse merger with Switchback Energy Acquisition Corp, source that requested anonymity told Reuters on Wednesday. The reverse merger deal could value the company at more than $2 billion.

FutureCar Staff 2020-10-23 14:00 PT

Volkswagen-backed EV Battery Maker QuantumScape to go Public at $3.3 Billion Valuation

Silicon Valley-based battery maker QuantumScape will become the latest company tuning to Wall Street to raise capital this year in a reverse merger deal with Kensington Capital Acquisition Corp.(NYSE: KCAC), a special purpose acquisition company (SPAC). The deal will result in Volkswagen-backed QuantumScape becoming a publicly listed company with an enterprise value of $3.3 billion.

Eric Walz2020-10-10 12:05 PT

Silicon Valley Lidar Startup Luminar to Go Public in a Blank Check Deal at a $2.9 Billion Valuation

​Silicon Valley Lidar company Luminar Technologies Inc., which is backed by Swedish automaker Volvo and billionaire entrepreneur and venture capitalist Peter Theil, intends to go public in a reverse merger deal with Gores Metropoulos, Inc. (Gores Metropoulos), a special purpose acquisition company (SPAC).

Eric Walz2020-09-30 16:17 PT

California Electric Vehicle Startup Canoo Goes Public at a $2.4 Billion Valuation

Los Angeles-based electric vehicle startup Canoo Holdings Ltd is going public, becoming the latest electric vehicle startup turning to Wall Street to raise new capital. The company announced on Tuesday that it entered into an agreement with special purpose acquisition company (SPAC) Hennessy Capital Acquisition Corp IV.

Eric Walz2020-09-24 11:55 PT