CONNECTED ENERGY, SECOND-LIFE BATTERY ENERGY STORAGE SPECIALIST, SECURES AN ADDITIONAL £15 MILLION FROM INVESTORS.
Turquoise International advised its longstanding client, Connected Energy, on a £15 million capital raising, bringing together a diverse group of investors including Caterpillar Venture Capital, Volvo Energy, Hinduja Group, Mercuria and OurCrowd, who joined existing shareholders Engie New Ventures, Macquarie and Low Carbon Innovation Fund 2 in the round.
Connected Energy is a global leader in the deployment of second-life EV batteries into large-scale energy storage systems. The funding will allow the company to progress the development of its 20MW M-Stor system as well as scale-up of its operations in response to increased demand for cost-effective energy storage.
Equitable Law “once again” assisted certain of the existing investors.
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