Investments
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2022 Battery SPACs
USD, Millions
2020 Battery SPACs
The market capitalization of 2020 and 2021 battery SPACs continued to trend downwards below their original valuation, as financial results have underperformed. One exception is Norwegian cell manufacturer Freyr Battery, which is currently above its initial valuation. 2022 battery SPACs are also underperforming, with even the amount of funds raised in each SPAC decreasing over the course of the year. Despite investor losses at current valuations due to initial overhype, the significant amounts raised via SPACs could still enable innovation and achieve long-term value as these new technologies reach the market.
Industry: Investments Source: Capital IQ as of Nov 2022
Volta Foundation
Extracted from the PDF; charts and images may read imperfectly.
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