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Electric Vehicles and Related Infrastructure and Technology
As the automotive industry embraces and prioritizes decarbonization of the economy, electric vehicles and charging infrastructure is becoming an increasing part of our energy and infrastructure framework. The industry shift is tethered to the broader energy transition taking place, as investors, manufacturers and consumers react to climate concerns, ESG considerations, and tax and governmental incentives and focus on and increasingly efficient technologies.
Consistently recognized as one of the world’s leading energy firms, Vinson & Elkins has a long history of supporting energy industry innovators and the technologies they’ve developed. Our firm is well-positioned to guide clients in every stage and aspect of e-mobility transactions. Our clients range from start-ups to Fortune 500 companies to venture capital and private equity sponsors aggregating or financing electric vehicle and infrastructure-related projects. Vinson & Elkins brings a multidisciplinary team with substantial experience in electric vehicle and infrastructure-related projects to help clients implement their electrification and decarbonization goals and initiatives.
Experience Highlights
MN8 Energy (Goldman Sachs Renewable Power) in the establishment of a financing partnership with ChargePoint (NYSE: CHPT) to reduce upfront costs of EV charging technology
An affiliate of Riverstone Holdings in its investment in Group14 Technologies’ $400 million Series C funding round, a leading technology company specializing in the development of materials that enhance the output of lithium-silicon batteries
The Lion Electric Company, a leading designer, manufacturer and distributor of all-electric medium and heavy-duty urban vehicles, in its $1.9 billion combination with Northern Genesis Acquisition Corp., a SPAC
EVgo Services, a portfolio company of LS Power and an electric vehicle public fast charging network, in its $2.6 billion business combination with Climate Change Crisis Real Impact I Acquisition Corporation, a SPAC
Delphi Technologies, a global provider of propulsion technologies, in the $3.3 billion business combination with BorgWarner Inc.
SEA Electric, an automotive technology company with a focus on the electrification of commercial vehicles, in its $42 million Series A preferred stock financing
Spartan Acquisition Corp. III, a SPAC, in its $3.14 billion business combination with Allego Holding B.V., a leading pan-European electric vehicle charging network
Switchback Energy Acquisition Corporation, a SPAC sponsored by an affiliate of NGP Energy Capital Management, in its $2.4 billion business combination with ChargePoint, a leading electric vehicle charging network
Tortoise Acquisition Corp. in the $1 billion business combination with Hyliion Inc., a developer and manufacturer of electrified powertrain solutions for Class 8 commercial vehicles that significantly reduce emissions
Decarbonization Plus Acquisition Corporation II, a SPAC sponsored by an affiliate of Riverstone Holdings, in its $1.2 billion business combination with Tritium, a Brisbane-based developer and manufacturer of direct current fast chargers for electric vehicles
Decarbonization Plus Acquisition Corporation, a SPAC sponsored by an affiliate of Riverstone Holdings, in its $2.1 billion business combination with Hyzon Motors, a global supplier of zero-emissions hydrogen fuel cell powered commercial vehicles
The Lion Electric Company, a leading designer, manufacturer and distributor of all-electric medium and heavy-duty urban vehicles, in its $1.9 billion combination with Northern Genesis Acquisition Corp., a SPAC
Spartan Energy Acquisition Corp. in its $1.75 billion business combination with Fisker Inc., a developer of eco-friendly electric vehicles
Tortoise Acquisition Corp. in the $1 billion business combination with Hyliion Inc., a developer and manufacturer of electrified powertrain solutions for Class 8 commercial vehicles that significantly reduce emissions
Decarbonization Plus Acquisition Corporation III, a SPAC sponsored by an affiliate of Riverstone Holdings, in its $1.2 billion business combination with Solid Power, an all-solid-state electric vehicle battery producer
Tortoise Acquisition Corp. II in its $1.4 billion business combination with Volta Industries, an industry leader in commerce-centric electric vehicle charging networks
EVgo Services, a portfolio company of LS Power and an electric vehicle public fast charging network, in its $2.6 billion business combination with Climate Change Crisis Real Impact I Acquisition Corporation, a SPAC
Switchback Energy Acquisition Corporation, a SPAC sponsored by an affiliate of NGP Energy Capital Management, in its $2.4 billion business combination with ChargePoint, a leading electric vehicle charging network
First Reserve Sustainable Growth Corp., a SPAC, in its $675 million business combination with EO Charging, a leader in electric vehicle fleet charging (pending)
Spartan Acquisition Corp. III, a SPAC, in its $3.14 billion business combination with Allego Holding B.V., a leading pan-European electric vehicle charging network
Affiliates of The Carlyle Group in their lead investment in a $40 million financing round for Fermata Energy, an electric vehicle charging and services company developing bidirectional charging technologies
Riverstone Holdings as lead investor in a $50 million Series C funding round for FreeWire Technologies, a leader in electric vehicle charging and power solutions
Switchback II Corporation, a SPAC sponsored by an affiliate of NGP Energy Capital Management, in its $2.3 billion business combination with Bird Rides, a leader in shared short range environmentally friendly electric transportation
SEA Electric, an automotive technology company with a focus on the electrification of commercial vehicles, in its $42 million Series A preferred stock financing
Delphi Technologies, a global provider of propulsion technologies, in the $3.3 billion business combination with BorgWarner Inc.
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- InsightApril 26, 2024