Deal or no deal? Will the EVBox Group and TPGY merger go through? Will it be accepted? In this video, we are going to examine the merger's odds by reading through recent 8k's. Then, we will also look into the European EV market, EVBox's financials and valuation. 🔥  Rationally speaking I think it’s safe to say that our future is in EV companies, so why not start screening some stocks so we can invest early in the movement. EVBox is an EV charging company just like Chargepoint, which is based in the Netherlands and was founded in 2010. The company operates a network of more than 190,000 charging ports across 70 countries in Europe. They also offer residential charging stations for EV car owners. Since the EV market in Europe has been growing at an impressionnant pace, EVbox stands a chance of becoming one of the major players in this fast-growing industry. While North America is dominated by Blink Charging and ChargePoint, EVBox has a stronghold over Europe with a large market share of the EV charging station market.   Another interesting takeaway from this SPAC’s merger presentation : the whole European market is making a more aggressive push towards electrification than in North America. EVBox could scale into a profitable business much sooner than its American counterparts. Taking into account the opportunity in its home market, this may be one of the few SPACs that turns its projections into tangible results.

EVBox is the market leader of EV charging in Europe. Considering how quickly Europe is transitioning to EVs, it's highly likely that there will be a need for more EV charging stations in the future. Their addressable market is huge and is estimated to grow 36% every year for the next 5 years to $14 billion dollars annually by 2026. EVBox is in a strong position to capitalize on this opportunity.   If we look at clients, we got municipalities, charging distributors, car companies like Ford and VolksWagon, and big names like AVIS, DHL,Mcdonalds, Pfizer, Amazon and IKEA. This helps their reputation as a business of choice for firms looking for charging solutions.

Moreover, the company has plans to develop mobile software to accompany their products and estimates this will increase margins in coming years along with higher value product sales and services.  This is an app which allows users to find and pay for nearby charging stations. They’re planning on delivering deals for their customers through this app. This software subscription segment will add recurring revenue to their business… which will eventually amount to over 55% of their revenues in 7 years.   

The merger was initially expected to happen in Q1 of 2021, but was delayed to Q2. Once the merger completes, the ticker will change from TPGY to EVB.   With regards to the shell company, TPG has a good track record of bringing companies public. Over the past 10 years, they’ve completed 5 successful SPACs and a total of 55 IPOs.

I think that EVBox stock represents good risk to reward at this price. I’m a big fan of diversification and I think that it would be nice to have some exposure to the European market. I like that they have a large market share of the fastest growing EV market in the world in Europe. I like that the company is already established and executing.   #TPGY #EVBox #CHPT