Walder Wyss advises TMH on EUR 50 million financing round
The Mobility House (TMH), a technology company and solution provider for charging services, has recently secured an equity investment of around EUR 50 million from its existing investors. The internal round of financing to support company’s technology development and expansion in Europe, North America and Asia was led by Mercuria and co-led by Ventura Capital and Green Gateway Fund. Further strategic investors of the company include Mercedes-Benz, Alliance Venture, Mitsui and SP Group.
The new capital will, inter alia, enable TMH to expand its leading market position in the field of electric vehicle smart charging and Vehicle-To-Grid (V2G). The Mobility House’s unique vendor-neutral and interoperable technology approach to smart charging and energy management has been successful at over 800 commercial installations around the world. The MMH has more than 250 employees across its operations in Munich, Zurich and Belmont.
Walder Wyss has acted as Swiss legal counsel to TMH in this transaction. The team consisted of partner Florian Gunz Niedermann (corporate/m&a, pictured left), Fabienne Anner (managing associate, corporate/m&a, pictured centre) and Timon Nydegger (senior associate, corporate/m&a, pictured right).
