EVBox to Go Public via SPAC Deal

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EVBox to Go Public via SPAC Deal

Dec 15, 2020

Electric vehicle (EV) charging solution provider EVBox will go public via a $1.4-billion special purpose acquisition company (SPAC) deal with TPGPace.
(EVBox)
Soumen's key takeaways:

EVBox was trying to expand globally and needed high amount of fresh capital for this. Hence it preferred TPG Pace for its experience in managing finance and guiding numerous startups in expanding business.
EVBox is already spread over 70 countries and has installed more than 190,000 charging ports. The potential of EVBox attracted TPG Pace to invest in the firm.
With the fresh infusion of capital, EVBox will be able to widen its presence across Europe and North America in the short term.

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