PIC - This Under-the-Radar Electric Vehicle Company Is Going Public Soon
It seems like every day you read about new upstart electric-truck makers coming public that are exciting investors. Names like Nikola , Lordstown Motors , and Hyliion don't have any meaningful production yet, but there is a lot of speculation about their futures.
XL Fleet is a lesser-known company in the sector that is merging with a special purpose acquisition company (SPAC) to enter the public markets before the end of 2020. And investors should be paying attention to its upcoming combination with Pivotal Investment Corporation II (NYSE: PIC) if recent news out of the company is a harbinger of things to come.
GM truck configured with XL plug-in hybrid configuration. Image source: XL Fleet.
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This Under-the-Radar Electric Vehicle Company Is Going Public Soon