EV SPACs—that’s EV focused special purpose acquisition companies—have been a favorite of startups in the electric vehicle sector. A recent report summed up that 13 of these reverse mergers have been completed, raising $7.5 billion, while another 14 of them that are pending might potentially raise $11.8 billion. Solid-state batteries are a common goal on automakers’ technology roadmaps, and most companies see them as one of the keys to the mass-adoption of EVs later this decade. Investment in the zero-emission electric aircraft comes at a time when aviation companies are under mounting pressure from investors to help decarbonize the sector and boost their environmental, social and governance (ESG) scores. SPACs seeking for targets working on various forms of transportation technology—everything from Electric powered cars, hydrogen fuel cells to lidar systems to flying taxis. A busy new pipeline to the public markets has emerged.