ChargePoint, Inc. is set to become a public company through a merger with Switchback Energy Acquisition Corporation, valued at $2.4 billion, advancing its electric vehicle charging network across North America and Europe.
Information on the Target
ChargePoint, Inc. is a leading provider of electric vehicle (EV) charging infrastructure, committed to enabling the transition to sustainable transportation. With a robust network of charging stations and advanced technology solutions, ChargePoint offers a variety of charging options for both commercial and residential customers. The company aims to increase accessibility and convenience for EV users, as well as enhance the overall experience associated with electric vehicle ownership.
Founded in 2007, ChargePoint has established itself as a significant player in the EV market, contributing to the growth of charging solutions across North America and Europe. By partnering with municipalities, businesses, and other stakeholders, ChargePoint is paving the way for a future where electric vehicles are the norm rather than the exception.
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Industry Overview in the Target’s Specific Country
The electric vehicle industry has seen substantial growth in recent years, driven by the increasing awareness of climate change and the need for sustainable energy solutions. Government policies and incentives, along with technological advances in battery
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Switchback Energy Acquisition Corporation
invested in
ChargePoint, Inc.
in 2023
in a Public-to-Private (P2P) deal
Disclosed details
Transaction Size: $2,400M