EV/Automotive SPACs
Complete breakdown of 34 SPACs in the EV/Automotive sector. Average return of -92.0% with a 38.2% bankruptcy rate.
Total SPACs
34
Avg Return
-92.0%
Bankruptcy Rate
38.2%
Capital Raised
$15.2B
trust sizes combined
Bankrupt
13
Zombie
15
Survivors
1
Peak Market Cap
$522.4B
All EV/Automotive SPACs (34)
| Company | Ticker | Peak | Current | Return | Status | Year |
|---|---|---|---|---|---|---|
| Proterra | PTRA | $31.06 | $0.00 | -100.0% | bankrupt | 2021 |
| Bird Global | BRDS | $14.00 | $0.00 | -100.0% | bankrupt | 2021 |
| Volta | VLTA | $14.50 | $0.00 | -100.0% | bankrupt | 2021 |
| Electric Last Mile Solutions | ELMS | $15.00 | $0.00 | -100.0% | bankrupt | 2021 |
| Cazoo Group | CZOO | $12.50 | $0.00 | -100.0% | bankrupt | 2021 |
| Arrival SA | ARVL | $36.00 | $0.00 | -100.0% | bankrupt | 2021 |
| Nikola | NKLA | $93.99 | $0.00 | -100.0% | bankrupt | 2020 |
| Fisker | FSR | $31.96 | $0.00 | -100.0% | bankrupt | 2020 |
| Hyliion | HYLN | $58.66 | $0.00 | -100.0% | bankrupt | 2020 |
| Lordstown Motors | RIDE | $31.80 | $0.00 | -100.0% | bankrupt | 2020 |
| Lion Electric | LEV | $35.09 | $0.00 | -100.0% | bankrupt | 2020 |
| Canoo | GOEV | $24.90 | $0.00 | -100.0% | bankrupt | 2020 |
| Lightning eMotors | ZEVY | $242.60 | $0.00 | -100.0% | delisted | 2020 |
| Faraday Future | FFIE | $16.88 | $0.01 | -100.0% | zombie | 2021 |
| Mullen Automotive | MULN | $15.90 | $0.01 | -100.0% | zombie | 2021 |
| ECD Automotive Design | ECDA | $494.00 | $0.01 | -99.9% | zombie | 2022 |
| Getaround | GETR | $38.00 | $0.10 | -99.0% | bankrupt | 2022 |
| Polestar | PSNY | $13.00 | $0.21 | -98.0% | zombie | 2022 |
| REE Automotive | REE | $30.00 | $0.50 | -98.0% | zombie | 2021 |
| Blink Charging | BLNK | $64.50 | $1.50 | -97.7% | zombie | 2018 |
| QuantumScape | QS | $132.73 | $4.50 | -97.0% | zombie | 2020 |
| VinFast | VFS | $93.00 | $3.82 | -96.0% | zombie | 2023 |
| Xos | XOS | $15.68 | $0.50 | -95.0% | zombie | 2021 |
| Microvast Holdings | MVST | $23.00 | $0.90 | -91.0% | zombie | 2021 |
| ChargePoint Holdings | CHPT | $49.48 | $0.85 | -91.0% | zombie | 2020 |
| Wallbox | WBX | $27.00 | $1.20 | -85.0% | zombie | 2021 |
| Lucid Motors | LCID | $57.75 | $3.00 | -50.0% | zombie | 2021 |
| Ascendant Mobility Acquisition Corp I | $0.00 | $0.00 | 0.0% | delisted | 2021 | |
| EVe Mobility Acquisition | $0.00 | $0.00 | 0.0% | zombie | 2021 | |
| Live Oak Mobility Acquisition | $0.00 | $0.00 | 0.0% | delisted | 2021 | |
| Motor City Acquisition | $0.00 | $0.00 | 0.0% | delisted | 2021 | |
| Presto Automation | $0.00 | $0.00 | 0.0% | zombie | 2020 | |
| ID Auto | $0.00 | $0.00 | 0.0% | delisted | 2017 | |
| Claritev | CTEV | $517.20 | $15.45 | +54.5% | survivor | 2020 |
EV/Automotive Sector Summary
The EV/Automotive sector saw 34 companies go public via SPAC mergers, raising a combined $15.2B in trust capital. With an average return of -92.0% and 13 bankruptcies out of 34 companies (38.2% bankruptcy rate), EV/Automotive has been one of the most devastating sectors for SPAC investors. At peak, these companies reached a combined market cap of $522.4B.