Aspiration is a sustainability-as-a-service company with global operations based in Los Angeles, California. Aspiration was founded in 2013 by Andrei Cherny and Joseph Sanberg. It opened for business in February 2015. As of May 2020, Aspiration had raised over $250 million in funding. In August 2021, Aspiration announced that it would be going public on the New York Stock Exchange by merging with the special-purpose acquisition company (SPAC) InterPrivate III Financial Partners in a $2.3 billion merger. The deal is expected to close in the fourth quarter of 2021. Ahead of the merger, Oaktree Capital Management and investment affiliates of billionaire Steve Ballmer committed $315 million in additional financing to Aspiration. More information...
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