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StockNews.com
Business
Aditi Ganguly

Is Tritium DCFC a Good Stock Add to Your Portfolio?

Headquartered in Brisbane, Australia, Tritium DCFC Limited (DCFC) designs and manufactures proprietary hardware and direct current chargers for electric vehicles. The company completed its overseas listing on the Nasdaq stock exchange on Jan. 14, 2022, through an SPAC deal. It merged with blank check company Decarbonization Plus Acquisition Corporation II.

DCFC CEO Jane Hunter said, “Our transaction with DCRN is transformative for the acceleration of electrification…We expect the capital raised through the transaction, together with anticipated additional funding, to support Tritium’s business operations and to help strengthen our products and services to our customers and continue to advance the e-mobility industry. The goal in our industry is to reduce global emissions and this transaction will support our mission to electrify transportation.”

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