HopOn Mobility Ltd. is the new sole shareholder of TAF mobile GmbH. In this cross-border M&A transaction, the Israeli tech company was advised by a team from GvW Graf von Westphalen.
TAF mobile GmbH will continue to offer software solutions focussing on the German public transport market in cooperation with public transport authorities and smart city organisations. With the entry of HopOn, the Jena-based company expands its product portfolio with an internationally proven Mobility as a Service (MaaS) platform.
Headquartered in Israel, HopOn Mobility Ltd. develops mobility, ticketing and BigData solutions, for the public transport of the future. MaaS services on HopOn's platform offer postpaid and account-based billing and best-price models. Cloud-based technologies provide companies with analytics tools with real-time data on number of passengers or journeys.
GvW advised HopOn Mobility Ltd. through Dr. Marco Zessel (lead), Jan Hüniken, Sina Reck (all M&A), Nicolas M. Dumont (IP), Andrea Torka (financing), Karsten Kujath (labor law) and Sven-Erik Holm (IT law, all Frankfurt a.M.).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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