Company Information

Get to know Switchback Energy Acquisition Corp

Switchback Energy Acquisition Corp was a blank check company sponsored by an affiliate of NGP Energy Capital Management, a premier private equity firm in the natural resources industry. The company was incorporated in 2019 with the strategic goal of identifying and merging with a market-leading company in the energy value chain, particularly one focused on the energy transition or sustainability. After its Initial Public Offering (IPO), it successfully identified and completed a business combination with ChargePoint, Inc., a leading electric vehicle (EV) charging network, in a deal finalized in February 2021.

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Switchback Energy Acquisition Corp

United States

Founded in

01 Jan 2019 (7 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.