InterPrivate II Acquisition Corp.
IPVA-UN
New York Stock Exchange8.87
USD
- -
- -
CIK
0001839608
Return %
Stock
S&P500
1Y
-9.77
18.21
3Y
-11.48
63.29
5Y
-11.48
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Ahmed Mohamed Fattouh
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1350 Avenue Of The Americas New York City NY United States of America 10019
- CIK
- 0001839608
- Website
- ipvspac.com
- Similar Companies
- Business
- InterPrivate II Acquisition Corp. is a special purpose acquisition company (SPAC) engaged in effecting a business combination with one or more operating businesses. The company focuses on acquiring and merging with enterprises that exhibit growth potential, particularly in emerging industries. InterPrivate II operates under the sponsorship of InterPrivate LLC, a private investment firm led by Chairman and CEO Ahmed Fattouh. Founded in 2020 and headquartered in New York, InterPrivate II acts as a blank check company providing capital markets access to target companies through a public listing. The company completed a significant business combination with Getaround, Inc., a digital carsharing marketplace, in December 2022. Getaround offers a 100% digital carsharing experience enabled by proprietary cloud and in-car Connect® technology, facilitating instant booking and keyless access to vehicles. The transaction, involving approximately $228 million in gross proceeds, resulted in Getaround becoming a publicly-listed entity on the New York Stock Exchange under the ticker symbols "GETR" and "GETR.WS." This merger marks a strategic expansion of InterPrivate II into the technology-driven mobility sector, leveraging Getaround's unique asset-light business model and patented platform. InterPrivate II Acquisition Corp's core business centers on providing investment capital and structured access to public markets for high-growth private companies, predominantly in technology and infrastructure sectors. It operates in the United States with a focus on digitally enabled business platforms. The company’s latest major change, the reverse merger with Getaround, reflects its strategic shift towards mobility and shared economy platforms, marking a pivotal evolution in its portfolio towards innovative consumer technology services. As a blank check company, InterPrivate II does not manufacture products or directly offer services but specializes in identifying and merging with operational companies to foster growth and value creation for shareholders. Its partnership-driven approach with leading emerging businesses and strategic capital infusion underscores its role as a conduit for private-to-public transitions in the dynamic technology ecosystem. The company is part of the broader InterPrivate platform, which sponsors multiple acquisition entities focused on targeted sectors.