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The electric car frenzy is helping even troubled companies raise big money
2 monthes ago | By Fortune
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The conventional path to taking a company public is pretty simple: demonstrate some early success, then sell shares for capital that can be used to expand. This year, electric vehicle startups have gone public in droves on those terms, with multibillion-dollar valuations doled out to innovators like QuantumScape , a battery developer, and Hyliion , which makes electrified powertrains for freight trucks.
EVs are so hot right now that startups don't need to...
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