Fisker Makes Investment In European Charging Network

Los Angeles-based electric vehicle maker Fisker Inc. says it will be making a $10M investment in a European electric vehicle charging network operator, Allego B.V., as part of a special purpose acquisition company (SPAC) merger between Allego and Spartan Acquisition Corp. III. According to Fisker, it will invest $10M in the PIPE. Allego operates more than 26,000 public EV charging ports across 12,000 public and private locations in 12 European countries. Fisker hit the public markets last year via a similar SPAC transaction with Spartan Energy Acquisition, a related SPAC fund. Allego was founded in 2013.