special purpose acquisition company
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Last-mile delivery
ELMS to show prototype Class 3 electric van at FedEx event
Electric vehicle manufacturer ELMS will debut a prototype of its Class 3 cargo van at the FedEx contractors event at the end of July.
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Modern Shipper
Grab to secure $4.5B in new funding from $39.5B SPAC merger
Singapore-based Grab has finalized a SPAC merger with Altimeter Growth Corp. that will value it at $39.5 billion upon its public debut.
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Modern Shipper
Grab closing in on $35B SPAC deal, largest-ever
Singapore-based ride-hailing company Grab is expected to go public via a SPAC with a fund from Altimeter Growth, according to a report.
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Electric Trucks
Viewpoint: The role SPACs play for FreightTech founders today
SPAC acquisitions are cropping up with more frequency, and we can only expect more deals to go through in 2021.
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Equipment
GSCW chat recap: Romeo Power CEO on importance of CV batteries
Romeo Power CEO Lionel Selwood saw the component shortages coming for commercial vehicle batteries. Romeo hedged by buying on the open market.
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Electric Trucks
Xos Trucks may be next to go public via SPAC: Reuters
Electric chassis maker Xos Trucks may be the next electrification startup to get a financial injection by merging with a special purpose acquisition company, Reuters…
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Finance
Supply chain software provider E2Open public again via a SPAC
Supply chain software provider E2Open is now trading on the NYSE under a new symbol.
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Finance
New SPAC looks to invest in transportation, logistics providers in ‘heartland’
The MDH Acquisition Corp. looks to raise more than $200 million in an IPO.
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Electric Trucks
UK electric vehicle startup Arrival picks N.C. for North American base
U.K.-based Arrival picks Charlotte, North Carolina, as its North American headquarters. It’s a 30-minute drive from its planned microfactory in South Carolina and close to…
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Electric Trucks
Electric multipurpose vehicle maker Canoo nears public debut
The inside-out design of Canoo electric delivery vehicle means it could have many appearances as public trading for the $600 million SPAC-sponsored startup nears.
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