ChargePoint estimates its New York Stock Exchange Listing via a merger with Switchback Energy ... [+] Acquisition Corp. is worth $2.4 billion. Proceeds from the deal will be used to pay down debt as well as grow operations in North American and Europe. While some of the companies going public via a SPAC deal are early-stage and not yet generating revenue, Romano says ChargePoint’s circumstances are different. “We always were planning on going public, just waiting for the right moment,” he said. It’s network currently includes 115,000 charging ports in North America and Europe, excluding household units, including more than 2,000 DC fast-chargers.

Source: Forbes September 24, 2020 11:00 UTC