Hedge funds and retail investors led the takeoff in transportation SPACs that are barely staying aloft. Guess who gets the better end of that deal?
Electric Last Mile Solutions has delivered its first Class 1 all-electric cargo van to a customer, beating a Q4 goal for the first delivery.
Electric vehicle manufacturer ELMS will debut a prototype of its Class 3 cargo van at the FedEx contractors event at the end of July.
Singapore-based Grab has finalized a SPAC merger with Altimeter Growth Corp. that will value it at $39.5 billion upon its public debut.
Singapore-based ride-hailing company Grab is expected to go public via a SPAC with a fund from Altimeter Growth, according to a report.
SPAC acquisitions are cropping up with more frequency, and we can only expect more deals to go through in 2021.
Romeo Power CEO Lionel Selwood saw the component shortages coming for commercial vehicle batteries. Romeo hedged by buying on the open market.
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 reported Monday.
Supply chain software provider E2Open is now trading on the NYSE under a new symbol.
The MDH Acquisition Corp. looks to raise more than $200 million in an IPO.
