The electric air taxi startup Lilium is merging with special purpose acquisition company Qell after shareholders have now voted in favour of the merger. The SPAC deal will see Lilium list on Nasdaq this Wednesday. However, Lilium’s proceeds from the IPO are much less than hoped for.
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Tritium announced an AUD40Mn (about $30Mn) private placement by Cigna Investments. Tritium intends to use the proceeds to continue scaling its global operations during its ongoing merger with Decarbonization Plus Acquisition Corporation II.
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US start-up Volta Charging is coming to Europe, starting with an office in Germany. The company offers initially free DC charging refinanced through advertising. Volta has yet to disclose its timeline for entering the EU market.
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US solid-state battery specialist Solid Power, backed by Ford and BMW, announces its IPO. For the targeted listing on Nasdaq under the ticker symbol SLDP, Solid Power is merging with SPAC company Riverstone Holdings LLC’s Decarbonization Plus Acquisition Corporation III.
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Lightning eMotors says it received an order from Fluid Truck over another 40 electric delivery trucks for its New York City fleet. These vehicles will support Ikea’s US operations on the last-mile through third-party service suppliers.
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Electric snowmobile and watercraft maker Taiga is going public through a SPAC deal and is raising a whopping 100 million CAD in its wake. The Montréal-based company had vowed to electrify powersports back in 2015 and today joins the growing number of EV makers looking to grow big on the stock exchange.
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United Airlines has approached eVTOL startup Archer to buy up to 200 of their air taxis. The agreement sees United lend their air space expertise “to assist Archer with the development of battery-powered, short-haul aircraft.”
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Lucid Motors appears in talks to go public through a merger with a special purpose acquisition company (SPAC) belonging to investor Micheal Klein. The deal could be worth $15 billion (about €12.4Bn) for the electric vehicle maker.
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EVBox Group plans to list on the New York Stock Exchange through a merger with investment firm TPG Pace Beneficial Finance. The listing is expected to take place towards the end of the first quarter of 2021.
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Californian battery startup Romeo Power is now going public on the US stock exchange via a merger with the investment firm RMG Acquisition. The goal is to expand the production and development of commercial vehicle batteries.
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Faraday Future is aiming to go public. Although the electric car startup announced this step about a year ago, with the announcement of its new strategy, Faraday Future now seems to be taking concrete steps.
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