2020 was the year of EV SPACs and here are the 4 factors fueling the boom
2020 was the year where we saw the proliferation of SPACs (Special Purpose Acquisition Companies aka “blank-check companies”). As shown in the chart from the WallStreetJournal below, SPACs ended up raising far more money in 2020 than ever before. As of the date of this post, there are 220 SPACs with $70B+ in trust seeking acquisitions…
SPAC sponsors targeted companies in high growth industries, and some of these deals, especially in the EV (Electric Vehicles¹) space, have been particularly successful. According to our own deal tracker, 20+ startups in EV space raised more than $10B via SPAC deals (incl. PIPEs) in 2020.
Please find the link to the most up-to-date version of this tracker below.
All of these have been so far positively performing² (compared to the SPAC IPO price) with Quantumscape highest at $84.45 per share, representing a…
