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

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 2021-01-22 10:45 PT

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

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 Walz2020-12-22 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 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 Walz2020-12-11 12:30 PT

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

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 Walz2020-11-27 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. 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 2020-11-02 17:00 PT

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

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 Walz2020-10-06 16:45 PT

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

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 2020-09-16 14:00 PT

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

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 Walz2020-09-03 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 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 Walz2020-08-24 16:17 PT

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

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 Walz2020-08-18 11:55 PT

Electric Truck Startup Lordstown Motors to go Public in Blank-Check Reverse Merger Deal

Electric Truck Startup Lordstown Motors to go Public in Blank-Check Reverse Merger Deal

Electric truck startup Lordstown Motors has agreed to go public in a deal with blank-check company Diamond Peak Holdings. The deal is expected to close in the fourth quarter this year. The deal values the electric truck start-up at $1.6 billion, the companies announced on Monday.

Eric Walz2020-08-03 11:30 PT