February 22, 2021

Xos, a Leading Commercial Electric Vehicle OEM, to Become Publicly Traded on Nasdaq Through Merger with NextGen Acquisition Corporation

Xos, a leading original equipment manufacturer (OEM) in the $100 billion medium- and heavy-duty last-mile commercial electric vehicle market, is merging with NextGen Acquisition Corp. (Nasdaq: NGAC). The combined company has an implied pro forma market capitalization of $2.0 billion. The transaction includes a $220 million oversubscribed and fully committed common stock PIPE anchored by …

Xos, a Leading Commercial Electric Vehicle OEM, to Become Publicly Traded on Nasdaq Through Merger with NextGen Acquisition Corporation Read More »

This Berlin-based ridesharing platform uses edge computing & AI to help rideshare drivers earn more; raises €2M

The mobility of goods and people is essential for urban development, and European cities are known for their efficient mobility practices. According to a report, the worldwide market for urban mobility platforms is predicted to reach around $25B (approx €21.1B) by 2035. And, Europe is expected to be the largest market with a value of about $12.4B (approx …

This Berlin-based ridesharing platform uses edge computing & AI to help rideshare drivers earn more; raises €2M Read More »