2020 was the year of EV SPACs and here are the 4 factors fueling the boom
6 min readJan 4, 2021
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…
