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.

Founded in

United States