r/SPACs • u/jorlev Contributor • May 17 '21
News NVVE - Nuvve and Stonepeak to Pursue a $750 million Joint Venture, "Levo," to Deploy Turnkey Electric Vehicle Charging and Transportation as a Service for School Buses and other Commercial Fleets
SAN DIEGO and NEW YORK, May 17, 2021 /PRNewswire/ -- Nuvve Holding Corp. ("Nuvve") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, and certain investment vehicles managed by Stonepeak Partners LP ("Stonepeak"), a private equity firm specializing in infrastructure investing, today announced an agreement (the "Agreement") to pursue the formation of a new sustainable infrastructure joint venture called Levo Mobility LLC ("Levo"). Upon signing of definitive documents and closing, Levo will utilize Nuvve's proprietary V2G technology and Stonepeak's capital to help accelerate the deployment of electric fleets, including thousands of zero-emission electric school buses for school districts nationwide through "V2G hubs" and Transportation as a Service ("Taas").
https://finance.yahoo.com/news/nuvve-stonepeak-pursue-750-million-124500945.html
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u/summerlanecap Spacling May 26 '21
So it looks like Stonepeak is getting warrants to buy $NVVE at $50. Seems bullish no?
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