SPAC Boom Ahead As EV Transition Could Cost $2.5T – Green Fleet


Underscoring the potential market penetration of the ELMS Urban Delivery van, the company on Dec. 11, 2020 announced an agreement with a special purpose acquisition company (SPAC) called Forum Merger III Corporation (Nasdaq: FIII) for a business combination that would result in ELMS becoming publicly traded. - Photo: ELMS

Underscoring the potential market penetration of the ELMS Urban Delivery van, the company on Dec. 11, 2020 announced an agreement with a special purpose acquisition company (SPAC) called Forum Merger III Corporation (Nasdaq: FIII) for a business combination that would result in ELMS becoming publicly traded.

Photo: ELMS

The number of electric vehicle SPACs may rise in the years to come as the world pivots to full EV adoption and looks for ways to raise money to fund the transition that could cost up to $2.5 trillion, according to Bank of America.

SPAC and electric vehicle trends Business Insider article

Originally posted on Charged Fleet



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