EverPower founder and managing director Jim Spencer tells Recharge that the company management will continue to hold a smaller but still substantial ownership stake in the New York-based company. He would not specify the new ownership structure, but he did confirm the $350m figure.
“I look at it more as an investment,” Spencer says of the deal. “We’ve changed owners, but we now have really great partners and they are going to give us the means to build out our pipeline and really carry the business forward.”
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