Big plans to build more battery-powered cars have led the companies that charge them to Wall Street in a fusion of two buzzy trends: the electric vehicle and the special purpose acquisition company.
Groups such as ChargePoint Holdings, EVgo Services and Volta Industries are entering US stock markets by merging with Spacs, blank-cheque companies that raise money to acquire private businesses and take them public.
The charging companies aim to provide the public power cords for a new generation of EVs demanded by governments and promised by General Motors, Volvo and other carmakers.
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