Decarbonization Plus Acquisition Corporation III (DCRC) to Combine with Solid Power in $1.2Bn Deal

Decarbonization Plus III (NASDAQ:DCRC) has entered into a definitive agreement to combine with automotive battery-maker Solid Power at an enterprise value of $1.246 billion, or 37.7x its 2025E. Louisville, Colorado-based Solid Power is developing solid state batteries for the automotive industry with its first installations expected with strategic investors Ford (NYSE:F) and BMW (DE:BMW) in
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