2020 M&A Annual Review

MORRISON & FOERSTER 2020 M&A ANNUAL REVIEW 29 With thousands of proven systems on the road today, millions of miles driven by hundreds of customers in mission-critical applications, and an asset light, highly scalable business model, I believe that XL Fleet is poised to realize its vision of becoming a world leader in fleet electrification. Jon Ledecky, Chairman and CEO, Pivotal Investment Corporation II