Nightcap: Fisker returns the love to Apollo's Spartan

Swvl is a global tech startup based in Dubai that provides a semi-private alternative to public transportation for individuals who cannot afford or access private options. The Company has built a parallel mass transit system offering intercity, intracity, B2B and B2G transportation in 10 megacities across Africa, Asia, and the Middle East. Swvl's tech-enabled offerings make mobility safer, more efficient and environmentally friendly, while still ensuring that it is accessible and affordable for everyone. Customers can book their rides on an easy-to-use app with varied payment options and access high-quality private buses and vans that operate according to fixed routes, stations, times, and prices.

Allego delivers charging solutions for electric cars, motors, buses and trucks, for consumers, businesses and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network comprised of more than 26,000 charge points operational throughout Europe – and growing rapidly. Our charging solutions are connected to our proprietary platform, EV-Cloud, which gives us and our customers a full portfolio of features and services to meet and exceed market demands.

Nanosys Inc., a company developing quantum-dot technology for electronic displays, is in talks to go public through a merger with blank-check firm GigInternational1 Inc. (GIW: $9.80), according to a person with knowledge of the matter.

A transaction is set to value the combined entity at about $1 billion, though terms aren’t final and talks could still fall apart, the person said.

A GigInternational1 spokesman didn’t immediately have a comment. Nanosys representatives didn’t respond to requests for comment.

Founded in 2001, Silicon Valley-based Nanosys is led by Chief Executive Officer Jason Hartlove. Consumer-electronics firms have shipped more than 35 million devices, including tablets, monitors and televisions, that are based on Nanosys’s quantum-dot technology, according to the company, which has said it owns or has exclusive license rights to more than 1,000 issued and pending patents.

Quantum dots are nanometer-size, man-made crystals invisible to the human eye that behave as semiconductors and improve viewer experiences by emitting energy in the form of light, according to the Nanosys website. They are used for displays that “deliver vivid color, lifelike brightness and incredible power efficiency,” the company has said.

Less than a year after its own SPAC merger, electric vehicle startup Fisker (FSR: $16.63) has turned investor to support EV charging company Allego.

Fisker is investing $10 million in private-investment-in-public equity (PIPE) funding for the merger of Allego and special purpose acquisition company Spartan Acquisition Corp III. The merger, announced Tuesday, puts Allego at a pro forma equity value of $3.14 billion.

The transaction is expected to inject the EV charging provider with $702 million in cash, including $150 million in PIPE from Fisker, investors Landis+Gyr, as well as funds and accounts managed by London-based VC firm Hedosophia and ECP. Funds managed by Apollo Global Management affiliates and Meridiam, the majority shareholder of Allego, also participated in the PIPE. (Apollo is in the process of acquiring Verizon Media Group, which includes TechCrunch.)

Fisker, the sole EV automaker contributing to the PIPE, is interested in Allego’s infrastructure. The company operates more than 26,000 charging points throughout Europe.

Fisker has agreed to “a strategic partnership to deliver a range of charging options for its customers in Europe,” according to Allego. It includes a provision granting a free year of charging on the Allego network to drivers that purchase Fisker Ocean SUV between the beginning of 2023 to March 31, 2024.

The two companies are also working on a “seamless charging experience” for Fisker drivers using Allego chargers, the EV maker said in a separate statement.