ChargePoint, Inc. to Become Public Company, Advancing EV Charging Network’s Reach Across North America and Europe
Business Combination with Switchback Energy Acquisition Corporation Valued at $2.4 Billion · Public listing milestone broadens market leadership and builds on over a decade of innovation with more than 4,000 businesses and organizations participating in ChargePoint’s new fueling network · Approximately $493 million in net proceeds will advance ChargePoint, Inc.’s commercial, fleet and residential businesses · Transaction includes $225 million upsized PIPE at $10.00 per share anchored by institutional investors, including Baillie Gifford and funds managed by Neuberger Berman