NewQ1 2026 Clean Energy Deal Intelligence Report is live
M&AClosedDecember 21, 2020

XL Fleet — commercial vehicle electrification

XL Fleet completes Pivotal II SPAC merger. NYSE: XL Dec 22, 2020.

$350M

Deal Value

Battery Storage

Technology

MA

Location

Deal Details

Deal Type
Corporate M&A
Seller / Sponsor
XL Fleet
Buyer / Financier
Pivotal Investment Corporation II
Offtaker
Pivotal Investment Corporation II
Deal Value
$350M cash; $2B+ mkt cap
Stage
Operating
ISO/RTO
ISO-NE

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