ChargePoint SPAC Presentation Deck
Transaction Summary
Summary of Proposed Transaction
+ Founded in 2007, ChargePoint has built one of the world's
leading electric vehicle (EV) charging networks
Delivers a fully integrated EV charging solution, with a
comprehensive portfolio of hardware, software and services
+ ChargePoint to be capitalized with cash necessary to bolster
positions in existing markets and to fund European growth,
ChargePoint as a Service™ and Hardware and Software R&D
+ Switchback (NYSE:SBE) has $317M of cash in trust account
+ Transaction expected to fully fund business model through
cash flow positive
Capital Structure
+ ChargePoint shareholders rolling 100%
of their equity
+ >$450M proceeds net of debt
elimination and transaction fees to fund
growth (assuming no redemptions)
+ PIPE size of $225M¹
Valuation
+ Enterprise value of $2.4B
+ Attractive entry multiple relative
to EV ecosystem
Switchback has identified ChargePoint, the #1 brand in EV charging, as the company
best positioned to continue leading the growth in charging infrastructure required by
the world's transition to electric mobility
-chargepoin+
Leadership
-chargepoin+
(1) Together, Scott McNeill and Jim Mutrie will purchase $2.0M of stock in the PIPE on the same terms as the PIPE investors, in addition to the $2.0M of stock purchased on the same terms as the public in SBE's IPO.
2020 ChargePoint, Inc.
Pasquale Romano
Director
President & CEO
Rex Jackson
CFO
SWITCHBACK
Scott McNeill
Director
CEO & CFO
Jim Mutrie
Director
CCO & GCView entire presentation