Quist Valuation Plugs Into Electric Vehicle Market
The Quist team has been working with companies in the Electric Vehicle industry recently; here is a look at one of those organizations, and a view of how our engagement with them assisted with their expansion opportunity.
Endera Motors, an end to end electric commercial vehicle and charging network supplier based in California, engaged Quist to perform a valuation in order to raise capital to facilitate the building of needed infrastructure to meet growing demand and a robust pipeline of orders.
A booming sector for 2021 and beyond, the Electric Vehicle Market is segmented by vehicle type (passenger vehicle and commercial vehicle), drivetrain technology (battery electric vehicle, plug-in electric vehicle, fuel cell electric vehicle, and hybrid electric vehicle), charging type (normal charging and fast charging), and geography. The EV market is expected to grow at an average annual growth rate of over 20 percent between 2019 – 2025.
Quist’s valuation covered Endera’s emerging market opportunities in the small fleet commercial vehicle segment, government policies and regulatory norms, the competitive landscape, and the potential exit into a SPAC. This effort resulted in the Company successfully raising the much needed capital from investors.
For more information on our full service business valuation services, please email Alex Moeser, Business Development Representative, here.
March 22, 2021 Uncategorized 0 Comment(s)
March 22, 2021