After years spent pouring billions into an assortment of transportation and battery tech startups, automakers are reaping some returns.
Mostly, they have SPACs to thank. As more venture-backed transport and cleantech startups go public via mergers with blank-check acquirers, automakers are among the stakeholders poised to gain from successful offerings.Â
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At least six automaker-backed companies have already completed SPAC offerings, and more are waiting in the wings. We used Crunchbase data to look at what’s driving the momentum, and at which direction things appear to be heading.
Completed SPAC deals
Per Crunchbase data, at …
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