Climate Change Crisis Real Impact I (CLII) Business Combination with EVgo Inc.
July 1, 2021
EVgo, the nation’s largest public fast charging network for electric vehicles, completed a business combination with Climate Change Crisis Real Impact I Acquisition Corporation (CLII) and concurrently listed on Nasdaq as EVGO. The transaction included approximately $230 million from CLII’s trust and a $400 million PIPE anchored by institutional investors (including PIMCO-affiliated funds, BlackRock, Wellington Management, Neuberger Berman and VanEck) to fund expansion of EVgo’s charging network and accelerate growth.
- Buyers
- Climate Change Crisis Real Impact I Acquisition Corporation (CLII), Private funds affiliated with Pacific Investment Management Company LLC (PIMCO), Funds and accounts managed by BlackRock, Inc., Wellington Management, Neuberger Berman Funds, VanEck Associates Corporation
- Targets
- EVgo Services, LLC (EVgo)
- Industry
- Energy
- Location
- California, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
LS Power Acquires EVgo
January 16, 2020
Energy
LS Power has completed its acquisition of EVgo, the largest public fast-charging network for electric vehicles in the United States. The deal positions EVgo to accelerate network expansion and leverage LS Power’s energy infrastructure expertise to support growth and reliability across its nationwide charger footprint.
-
Shell USA, Inc. Acquires Volta Inc.
March 31, 2023
Energy
Shell USA, Inc., a subsidiary of Shell plc, has completed the all-cash acquisition of Volta Inc., adding Volta’s EV charging and digital out-of-home media network to Shell’s mobility business. The deal, approved by Volta stockholders and cleared by regulators, transfers Volta’s charging-and-media operations into Shell’s U.S. mobility organization.
-
Nuveen Private Equity Impact Acquires Majority Stake in Ally Energy Solutions
September 30, 2025
Energy
Nuveen’s Private Equity Impact team has acquired a majority interest in Ally Energy Solutions, a U.S.-based provider of turnkey energy solutions for commercial and industrial customers. The investment, the sixth for Nuveen Climate Inclusion Fund II, will support Ally’s national growth and deepen its capabilities in distributed clean energy, electrical infrastructure upgrades, and energy-efficiency projects.
-
Allego N.V. Goes Public via Business Combination with Spartan Acquisition Corp. III
March 17, 2022
Energy
Allego N.V., a pan‑European electric vehicle charging network, completed a business combination with Spartan Acquisition Corp. III and began trading on the NYSE under the ticker ALLG following a transaction that provided approximately $161 million of gross proceeds (including a PIPE). Strategic partners including Fisker and Landis+Gyr and institutional investors (including funds managed by Apollo affiliates and ECP) participated in the PIPE; Meridiam rolled 100% of its equity and will remain the majority owner to support Allego's continued European expansion.
-
CLEAResult Acquires ChooseEV
May 10, 2022
Cloud & SaaS
CLEAResult, a leading North American energy efficiency and energy transition services provider, has acquired ChooseEV, a widely deployed electric vehicle (EV) education and market-awareness platform that serves over 300 utilities across the U.S. and Canada. The acquisition expands CLEAResult's Energy Transition capabilities by adding consumer-facing EV education tools and utility-focused engagement technology to accelerate EV adoption and support charging and fleet electrification initiatives.
-
ClimeCo Acquires 3GreenTree Ecosystem Service Ltd
January 25, 2023
Environmental Services
ClimeCo, a global sustainability advisory firm, acquired 3GreenTree Ecosystem Service Ltd to deepen its nature-based solutions and forest carbon removal capabilities. The acquisition brings 3GreenTree’s project development and carbon modeling expertise into ClimeCo’s project development team to accelerate turnkey removal projects and expand service offerings across new ecosystems and markets.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.