Special purpose acquisition companies (SPACs) have already raised $7.5 billion for more than a dozen EV-related startups, but with relatively little to show for it, according to new data from Bloomberg New Energy Finance (BNEF). SPACs are publicly-listed shell corporations that join with startups in so-called reverse mergers, providing a shorter... Nikola, Lordstown, Fisker: SPACs have already raised $7.5 billion for EV-related startups
Special purpose acquisition companies (SPACs) have already raised $7.5 billion for more than a dozen EV-related startups, but with relatively little to show for it, according to new data from Bloomberg New Energy Finance (BNEF). SPACs are publicly-listed shell corporations that join with startups in so-called reverse mergers, providing a shorter...