EVgo — largest US public DC fast charging network (800+ locations, 34 states, 220K+ customer accounts)
EVgo (LS Power) completed business combination with Climate Change Crisis Real Impact I Acquisition Corp. (CLII) — a SPAC formed by PIMCO. Closed July 1, 2021. ~$575M total proceeds: $230M trust + $400M PIPE (PIMCO, BlackRock, Wellington, Neuberger Berman, Van Eck). Began trading NASDAQ as EVGO July 2, 2021.
$2.60B
Deal Value
EV
Technology
CA
Location
Deal Details
- Deal Type
- SPAC Merger
- Seller / Sponsor
- EVgo Services LLC (an LS Power company)
- Buyer / Financier
- Climate Change Crisis Real Impact I Acquisition Corp. (CLII)
- Deal Value
- $2.6B (pro forma EV)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- EVgo
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