Electric vehicle and infrastructure startups continue to attract hundreds of millions of dollars from special purpose acquisition companies (SPACs) targeting business combinations and speedy public trading debuts.
Set aside the hype around the tens of billions invested in so-called blank-check companies. It is pocket change compared to the trillions held by investment funds, venture capital and private equity, said Mark Saraiva, Cowen Inc. managing director and head of its transportation group.
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https://www.freightwaves.com/news/laying-pipe-additional-cash-raises-valuations-of-spac-targets