Lidar startup Aeva to go public via $2.1 billion SPAC merger
https://techcrunch.com/2020/11/02/lidar-startup-aeva-to-go-public-via-2-1-billion-spac-merger/
Aeva, a Mountain View, Calif.-based lidar company started by two former Apple engineers and backed by Porsche SE, is merging with special purpose acquisition company InterPrivate Acquisition Corp., with a post-deal market valuation of $2.1 billion.
The deal with InterPrivate, which is led by private equity investor Ahmed Fattouh, is expected to close by early 2021. Aeva is the latest company to eschew the traditional IPO path and go public via a SPAC merger. It’s also the third lidar company, following Velodyne and Luminar, to take this route to the public markets.
Lidar startup Aeva to go public via $2.1 billion SPAC merger
Nov 2, 2020, 5:50pm UTC
https://techcrunch.com/2020/11/02/lidar-startup-aeva-to-go-public-via-2-1-billion-spac-merger/
> Aeva, a Mountain View, Calif.-based lidar company started by two former Apple engineers and backed by Porsche SE, is merging with special purpose acquisition company InterPrivate Acquisition Corp., with a post-deal market valuation of $2.1 billion.
> The deal with InterPrivate, which is led by private equity investor Ahmed Fattouh, is expected to close by early 2021. Aeva is the latest company to eschew the traditional IPO path and go public via a SPAC merger. It’s also the third lidar company, following Velodyne and Luminar, to take this route to the public markets.