(Reuters) – ChargePoint Inc, one of the world’s oldest and largest electric vehicle charging networks, is nearing a deal to go public through a reverse merger with Switchback Energy Acquisition Corp, people familiar with the matter said on Wednesday.
The deal for ChargePoint could value the company at more than $2 billion (1.54 billion pounds) and be announced as early as next week, the sources said, cautioning that talks could still collapse and terms may still change.
The sources requested anonymity as the matter is private. ChargePoint declined to comment. Switchback did not immediately respond to requests for comment.
