Automotive tech start-ups take wild ride with Spacs
CES 2021 has tech’s answers to COVID, including smart masks, touchless doorbells and more
January 12, 2021Stressed out? Blame bad technology, new study suggests
January 12, 2021
Ortenca Aliaj and Sujeet Indap from ft said that Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.Automotive tech start-ups catapulted on to the US stock market via blank cheque vehicles have together amassed a market capitalisation of approaching $60bn even as several are yet to book a single dollar of revenue or make a product.
The electric vehicle sector proved fertile hunting ground last year for special purpose acquisition vehicles, which take companies public by raising money from investors and then cutting deals.
The combination of electric vehicle mania and blank cheque companies has proved a volatile one
