Toyota and EDF-backed Nuvve, a developer of electric vehicle charging technology, is merging with Newborn Acquisition Corp to form a $202m business.

Nuvve Corporation, a US-based vehicle charging technology provider backed by energy utility EDF and carmaker Toyota, has agreed a reverse merger with Nasdaq-listed special purpose acquisition company Newborn Acquisition Corp. The deal will value the combined business at $202m and will be backed by $4m bridge financing and $14m in private investment in public equity…

The rest of this content is only accessible to Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.