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Charging Network EVgo Near Merger With Climate Change SPAC

  • Combined entity set to be valued at more than $2 billion
  • Announcement could come as soon as Friday, people said
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Source: EVgo

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EVgo Services LLC, a charging network for electric vehicles that’s entirely powered by renewable energy, is nearing a deal to go public through a merger with Climate Change Crisis Real Impact I Acquisition Corp., according to people with knowledge of the matter.

A transaction is set to value the combined entity at more than $2 billion, said one of the people, who asked not to be identified as the information is private. An announcement could come as soon as Friday, the people said.