About Switchback Energy Acquisition Corporation (NASDAQ: SBE)
Switchback is a Special Purpose Acquisition Corporation (SPAC) looking for private target acquisitions to bring public by means of a reverse merger that began trading in July 2019. Switchback is advised by NGP Energy Capital Management which has raised approximately $20bn in capital to invest across 12 private funds into more than 215 companies since 1988. NGP has successfully taken 11 of its portfolio companies public since 2014 and thus has good knowledge not only of private markets but also public markets — which is very important during the de-SPAC and post de-SPAC performance stages. Nearly one year after SBE’s IPO, the SPAC formally announced that it would be combining with electric-vehicle (NYSE:EV) charging network, ChargePoint Incorporated.