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Vinson & Elkins represented MN8 Energy LLC, one of the largest renewable energy producers in the United States, in its private placement (the “Private Placement”), with gross proceeds of $325 million from the issuance and sale of shares of the Company’s convertible preferred stock
Vinson & Elkins advised funds managed by affiliates of Apollo Global Management in connection with Apollo Funds and Vitol providing a structured debt and equity financing to WattEV, an industry leader in heavy-duty freight electrification providing end-to-end solutions to customers through the development of electric charging infrastructure and provisioning of electric vehicle trucks.
Vinson & Elkins represented MN8 Energy, a leading renewable energy and battery storage owner-operator in the US, in its agreement with Mercedes-Benz to deliver an open network of branded high-power charging stations in North America.
According to the latest report from Vinson & Elkins, Power Play: The State of Electric Vehicle Charging Station Finance, the continued adoption of electric vehicles (EVs) is creating new financing models to support necessary charging infrastructure.
Vinson & Elkins advised an affiliate of Riverstone Holdings LLC as lead investor in Infinitum Electric’s $80 million Series D funding. Infinitum Electric, creator of the sustainable, breakthrough air-core motor, will use the investment to vertically integrate and automate production of its motors for the commercial and industrial market segments, and complete development and commercialization of a traction motor for the rapidly growing electric vehicle market, where its exceptional breakthrough power density can significantly extend the range of electric vehicles.
Vinson & Elkins advised an affiliate of Riverstone Holdings LLC in its investment in Group14 Technologies’ $400 million Series C funding round led by Porsche AG with additional participation from OMERS Capital Markets, Decarbonization Partners, Vsquared Ventures, Moore Strategic Ventures, and other large institutional investors.
Vinson & Elkins advised FLASH, the global leader in cloud parking software and mobility transformation, in the acquisition of Ticketech, the parking technology leader in New York City.
Vinson & Elkins’ Ramey Layne was named as one of Insider’s top 9 attorneys to watch in the electric vehicle (EV) space. The list is comprised of go-to lawyers who have a vast knowledge base advising companies in the EV realm.
A team of Vinson & Elkins lawyers, led by partner Kaam Sahely and senior associate Stephanie Coco, advised Goldman Sachs Renewable Power, a strategic, long-term investor in clean energy projects and the sponsor of more than 850 solar and battery storage projects that collectively have a capacity of more than 2.6 gigawatts of renewable power, in the establishment of a financing partnership with ChargePoint (NYSE: CHPT) to reduce upfront costs of EV charging technology.
Vinson & Elkins advised First Reserve Sustainable Growth Corp. in a business combination agreement with Juuce Limited, which trades as EO Charging (“EO”), a leading provider of technology-enabled turnkey solutions for electric vehicle fleets, that would result in EO becoming a publicly listed company.
Vinson & Elkins advised Spartan Acquisition Corp. III, a publicly-listed special purpose acquisition company, in a business combination with Allego Holding B.V., a leading pan-European electric vehicle charging network.
Vinson & Elkins advised EVgo Services LLC, the nation’s largest electric vehicle (EV) public fast charging network in the U.S. and a wholly-owned subsidiary of LS Power, in connection with its entry into a definitive agreement with Climate Change Crisis Real Impact I Acquisition Corporation for a business combination that would result in EVgo becoming a publicly listed company.