Climate Real Impact Solutions I (NYSE: CLIM-WT) operates as a special purpose acquisition company (SPAC) focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the climate sector. The company targets scalable enterprises contributing to decarbonization across sectors including distributed energy generation; renewable energy; large-scale grid stability and resilience solutions; energy efficiency technologies; green energy service companies; green retail energy and smart energy home-as-a-service offerings; electric vehicle infrastructure and decarbonized liquid fuels; circular economy initiatives; carbon capture and utilization; sustainable agriculture; and reforestation. Founded in 2020 and headquartered in Princeton, New Jersey, Climate Real Impact Solutions I maintains a strategy emphasizing both financial returns and measurable environmental impact through investments in climate technologies that support consumer interactions at home, work, and in transit.
The company, originally launched as Climate Change Crisis Real Impact I Acquisition Corporation, completed a significant business combination in July 2021 with EVgo Services, LLC, the operator of a major U.S. public fast-charging network powered by 100% renewable energy; post-merger, the entity rebranded to EVgo Inc. and began trading under the ticker EVGO on Nasdaq. Warrants associated with the original SPAC structure continue to trade as CLIM-WT, reflecting ongoing investor exposure to the combined public company amid sustained activity in the climate-focused investment space as of late 2025. This transaction delivered approximately $630 million in gross proceeds, including cash from the trust account and a $400 million PIPE financing anchored by investors such as PIMCO, BlackRock, and Wellington Management, enabling network expansion for electric vehicle infrastructure. No further major acquisitions, partnerships, funding rounds, or strategic shifts have been announced for Climate Real Impact Solutions I in the last 1-2 years, with operations centered on its post-SPAC legacy in clean energy deployment.