July 13 - 14:07
EV maker Fisker to go public
Fisker, the electric vehicle startup that last week raised $50 million in fresh funding, will now go public. The automaker has merged with Spartan Energy Acquisition Corp, a new company backed by private equity firm Apollo Global Management. The deal values Fisker at $2.9 billion. Fisker is aiming to usurp Tesla and is set to roll-out its first EV, the Fisker Ocean, by the end of 2022.
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