Hyperdrive
German EV Startup E.GO Weighs Listing Options Including SPAC
- Firm targets valuation of as much as $2.4 billion, CEO says
- Company plans to use proceeds to help fund new factories
This article is for subscribers only.
German EV hopeful Next.e.GO Mobile SE is in talks to go public through a blank-check company or an initial public offering that could value the manufacturer of compact cars for shorter trips at as much as 2 billion euros ($2.4 billion).
The company, saved from insolvency last year, may go through with the plan within the next 12 months, Chairman Ali Vezvaei said in an interview.