Mobeus Corporate Deal| Technology Lawyers

Employment

Specialist tech law firm Boyes Turner has advised on an investment deal which will help drive growth at a smart electric vehicle charger.

The team from Boyes Turner acted for Mobeus on its injection of £1m of growth capital into Andersen EV, which designs aspirational electric vehicle charge points.

The Thames Valley-based legal business’ Head of Corporate led the team in the latest deal for the specialist tech law firm.

Mobeus’ investment comes after the electric vehicle (“EV”) market grew by 132% in the 12 months to May 2020, compared to a 58% drop in sales of petrol and diesel vehicles over the same period, with Andersen logging its record trading day in June as it continues to establish a strong position in the market.

Boyes Turner said: “The EV market will have a key role in helping the UK and the world meet the climate change challenges we all face in the coming years and it’s great to be able to help our clients invest in a fast-growing business within this space and power the next stage of their growth.”

Mobeus Investment Director, Jane Reoch, said: “Andersen has grown rapidly in an attractive market space. The team immediately impressed us with a high-end product, best in class software and top tier OEM partnerships.”

Jérôme Faissat, Andersen EV Co-founder CEO, added, “We have a very clear philosophy, which meant finding the right investment partner, who really understood what drives us, was crucial. Going electric is a choice to embrace a sustainable future and we see EV chargers being at the centre of everyone’s smart energy home. This additional funding means that we are very excited about the next stage in our growth journey.”

The Boyes Turner corporate team, which last year advised on more than £250m worth of national and international deals, was also again recommended by the prestigious Legal500 at the end of last year.