The mobility space has paid special attention to this recently popularized avenue, with over 50 mobility startups making their debuts through reverse mergers with SPACs. In 2020, median valuations for late-stage mobility startups soared 87.5% year-over-year, representing a huge increase in value and investor funding. Against this backdrop of increased investor enthusiasm in mobility, EV makers like Tesla and Nio have also seen massive rallies in the public markets.
Watch the webinar recording to see PitchBook analysts discuss key details and trends in SPACs and the EV/mobility environment.
- Aggregate SPAC data on both IPOs & acquisitions
- Analysis of the incentives/dynamics behind parties involved in SPAC transactions that have propelled the strategy’s growth
- Strong exit outcomes demonstrate successful exits are possible for VC-backed mobility companies—paired with a drop in early-stage valuations, this should attract more early-stage capital in mobility tech
- Future outlook for SPACs
- Our Mobility SPAC Index generated a return of 77.7% compared to 22.2% for the S&P 500 over the latter half of the year, indicating the success of recent EV/mobility SPAC mergers and validating the new path to exit
- Late-stage mobility company valuations increased 87.5% in 2020 YoY, mirroring the increase in valuations for EV/mobility companies in public markets—meanwhile, early-stage valuations declined by 31.6% amid a more challenging fundraising environment
Watch the recording below or download the presentation slides.