{"id":375238,"date":"2020-09-25T09:11:40","date_gmt":"2020-09-25T03:41:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=375238"},"modified":"2020-09-25T11:45:49","modified_gmt":"2020-09-25T06:15:49","slug":"electric-vehicle-charging-network-chargepoint-to-go-public-at-2-4-billion-valuation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/electric-vehicle-charging-network-chargepoint-to-go-public-at-2-4-billion-valuation\/","title":{"rendered":"Electric vehicle charging network ChargePoint to go public at $2.4 billion valuation"},"content":{"rendered":"<p>ChargePoint Inc, one of the world&#8217;s oldest and largest electric vehicle charging networks, said on Thursday it will go public by merging with Switchback Energy Acquisition Corp in a deal that values the company at $2.4 billion.<\/p>\n<p>The deal is expected to close near the end of the year and the company will be named ChargePoint Holdings Inc. A trading symbol on the New York Stock Exchange has not been identified.<\/p>\n<p>Reuters last week reported ChargePoint and Switchback were nearing a deal. Switchback is a special-purpose acquisition company (SPAC) that raised $300 million in an initial public offering in July 2019.<\/p>\n<p>&#8220;The EV charging industry is accelerating and it is expected that charging infrastructure investment will be $190 billion by 2030,&#8221; Switchback Chief Executive Scott McNeill said. &#8220;We believe (ChargePoint) will continue to grow its strong market position as the EV industry evolves.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ChargePoint Inc, one of the world&#8217;s oldest and largest electric vehicle charging networks, said on Thursday it will go public by merging with Switchback Energy Acquisition Corp in a deal that values the company at $2.4 billion. The deal is expected to close near the end of the year and the company will be named ChargePoint Holdings Inc. A trading symbol on the New York Stock Exchange has not been identified. Reuters last week reported ChargePoint and Switchback were nearing a deal. Switchback is a special-purpose acquisition company (SPAC) that raised $300 million in an initial public offering in July [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-375238","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/375238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=375238"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/375238\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=375238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=375238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=375238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}