Electric Vehicles and Related Infrastructure and Technology

As the automotive industry embraces and prioritizes decarbonization of the economy, electric vehicles and charging infrastructure is becoming an increasing part of our energy and infrastructure framework. The industry shift is tethered to the broader energy transition taking place, as investors, manufacturers and consumers react to climate concerns, ESG considerations, and tax and governmental incentives and focus on and increasingly efficient technologies.
Consistently recognized as one of the world’s leading energy firms, Vinson & Elkins has a long history of supporting energy industry innovators and the technologies they’ve developed. Our firm is well-positioned to guide clients in every stage and aspect of e-mobility transactions. Our clients range from start-ups to Fortune 500 companies to venture capital and private equity sponsors aggregating or financing electric vehicle and infrastructure-related projects. Vinson & Elkins brings a multidisciplinary team with substantial experience in electric vehicle and infrastructure-related projects to help clients implement their electrification and decarbonization goals and initiatives.
Experience Highlights
MN8 Energy, a leading renewable energy and battery storage owner-operator in the US, in its agreement with Mercedes-Benz to deliver an open network of branded high-power charging stations in North America
MN8 Energy in the establishment of a financing partnership with ChargePoint (NYSE: CHPT) to reduce upfront costs of EV charging technology
An affiliate of Riverstone Holdings in its investment in Group14 Technologies’ $400 million Series C funding round, a leading technology company specializing in the development of materials that enhance the output of lithium-silicon batteries
The Lion Electric Company, a leading designer, manufacturer and distributor of all-electric medium and heavy-duty urban vehicles, in its $1.9 billion combination with Northern Genesis Acquisition Corp., a SPAC
EVgo Services, a portfolio company of LS Power and an electric vehicle public fast charging network, in its $2.6 billion business combination with Climate Change Crisis Real Impact I Acquisition Corporation, a SPAC
Spartan Acquisition Corp. III, a SPAC, in its $3.14 billion business combination with Allego Holding B.V., a leading pan-European electric vehicle charging network
Switchback Energy Acquisition Corporation, a SPAC sponsored by an affiliate of NGP Energy Capital Management, in its $2.4 billion business combination with ChargePoint, a leading electric vehicle charging network
Tortoise Acquisition Corp. in the $1 billion business combination with Hyliion Inc., a developer and manufacturer of electrified powertrain solutions for Class 8 commercial vehicles that significantly reduce emissions
Decarbonization Plus Acquisition Corporation II, a SPAC sponsored by an affiliate of Riverstone Holdings, in its $1.2 billion business combination with Tritium, a Brisbane-based developer and manufacturer of direct current fast chargers for electric vehicles
ASX listed ioneer in the development of the flagship Rhyolite Ridge Lithium-Boron Project located in Nevada in a 50/50 joint venture with Sibanye Stillwater, including offtake agreements to supply lithium for the manufacture of batteries for electric vehicles
Decarbonization Plus Acquisition Corporation, a SPAC sponsored by an affiliate of Riverstone Holdings, in its $2.1 billion business combination with Hyzon Motors, a global supplier of zero-emissions hydrogen fuel cell powered commercial vehicles
The Lion Electric Company, a leading designer, manufacturer and distributor of all-electric medium and heavy-duty urban vehicles, in its $1.9 billion combination with Northern Genesis Acquisition Corp., a SPAC
Spartan Energy Acquisition Corp. in its $1.75 billion business combination with Fisker Inc., a developer of eco-friendly electric vehicles
GreenPoint Partners in tax credit structuring related to the formation of a joint venture with EV Realty, an EV infrastructure development platform, to build out $200 million in electric vehicle charging hubs
NextEra in its $650 million electric vehicle charging joint venture with Blackrock and Daimler
TeraWatt Infrastructure, an electric vehicle fleet charging specialist, in a transaction that will provide approximately $1 billion of institutional capital to support the buildout of its fleet-focused charging centers and operations
Decarbonization Plus Acquisition Corporation III, a SPAC sponsored by an affiliate of Riverstone Holdings, in its $1.2 billion business combination with Solid Power, an all-solid-state electric vehicle battery producer
Tortoise Acquisition Corp. II in its $1.4 billion business combination with Volta Industries, an industry leader in commerce-centric electric vehicle charging networks
Affiliates of The Carlyle Group in their lead investment in a $40 million financing round for Fermata Energy, an electric vehicle charging and services company developing bidirectional charging technologies
Riverstone Holdings as lead investor in a $50 million Series C funding round for FreeWire Technologies, a leader in electric vehicle charging and power solutions
Funds managed by affiliates of Apollo Global Management in connection with Apollo Funds and Vitol providing a structured debt and equity financing to WattEV, an industry leader in heavy-duty freight electrification providing end-to-end solutions to customers through the development of electric charging infrastructure and provisioning of electric vehicle truck
Switchback II Corporation, a SPAC sponsored by an affiliate of NGP Energy Capital Management, in its $2.3 billion business combination with Bird Rides, a leader in shared short range environmentally friendly electric transportation
Tesla in a first-of-its-kind tax credit monetization transaction structure for electric vehicle tax credits, financing over $795 million in vehicles
NextEra in its electric school bus joint venture with First Student
Lyft in electric vehicle financing transactions
FLASH, the global leader in cloud parking software and mobility transformation, in its acquisition of Ticketech, the parking technology leader in New York City
SEA Electric, an automotive technology company with a focus on the electrification of commercial vehicles, in its $42 million Series A preferred stock financing
Kadem Sustainable Impact Corporation, a SPAC focused on the electric vehicle, energy storage and distribution, or mobility technologies ecosystem, in its $175 million initial public offering of units
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