Fast Radius Completes Merger with ECP
The combined company is doing business as “Fast Radius Inc.” and is led by Fast Radius’ existing management team.
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Fast Radius recently opened a manufacturing technology campus on Goose Island in Chicago, which includes a microfactory and software technology center. Photo Credit: Fast Radius
Fast Radius Inc., a cloud manufacturing company, has successfully completed its merger with ECP Environmental Growth Opportunities Corp. (NASDAQ: ENNV), which is a special purpose acquisition company. The combined company has been renamed “Fast Radius Inc.” and will be led by Fast Radius’ existing management team.
“The completion of our merger with ENNV is an extraordinary milestone for our company, our employees and our shareholders,” says Lou Rassey, co-founder and CEO of Fast Radius. “From day one, our purpose has been to make new things possible with our first-of-its-kind Cloud Manufacturing Platform where manufacturers can more efficiently and sustainably design, make and move parts.”
The merger is also an opportunity for ENNV’s growth. “This is an incredible opportunity to participate in a publicly listed industrial technology company with significant runway, and we are confident in the Fast Radius team’s ability to execute on their differentiated and sustainable business model to drive growth and value creation,” says Doug Kimmelman, ENNV chairman.
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