GvW advises Vsquared Ventures on 60 million euro financing round of CUSTOMCELLS
Vsquared Ventures further expands its participation in CUSTOMCELLS: The manufacturer of lithium-ion battery cells has successfully closed a €60 million Series A financing round. Together with the two lead investors, climate-tech venture capital investor World Fund and Hamburg-based family office Abacon Capital, and the existing investors Porsche, Vsquared Ventures participated in the financing round, thereby significantly increasing its participation in CUSTOMCELLS.
CUSTOMCELLS is a spin-off of the Fraunhofer-Gesellschaft and, with ten years of know-how and numerous patents, is among the leading suppliers of lithium-ion battery cells. The proceeds from the Series A financing round will be used to further develop the company, which has facilities in Itzehoe and Tübingen, into a global player and a major premium brand in the worldwide battery cell business. In addition to further internationalization, CUSTOMCELLS intends in particular to expand its activities in the field of air traffic electrification and research and development.
Vsquared Ventures is dedicated to the industrialization of next-gen technologies. The Munich-based venture capital investor focuses on early-stage investments in deep-tech companies.
GvW advised Vsquared Ventures on this transaction through Titus Walek, Eric Walter (both venture capital) and Dr Joachim Mulch (IP). A GvW team led by Titus Walek has previously advised Vsquared Ventures on its initial investment in CUSTOMCELLS in 2021.
News
Federal Administrative Court: Fehmarn Belt Fixed Link may be built
The Federal Administrative Court has dismissed all six pending appeals against the planning decision on the Fehmarn Belt Fixed Link. Construction of the tunnel may therefore now also begin in Germany. GvW advised the State of Schleswig-Holstein and was represented by a Hamburg team consisting of Dr Ronald Steiling (lead), Corinna Lindau, Dr Dietrich Drömann, Prof. Dr Christian Winterhoff, Dr Andreas Wolowski, Saskia Soravia, Dr Stefanie Ramsauer, Dr Annika Bleier, Felix Kazimierski and Niclas Langhans. (BVerwG 9 A 6.19, 9 A 7.19, 9 A 9.19, 9 A 10.19, 9 A 11.19, 9 A 12.19 and 9 A 13.19).
H4 Hotel Mönchengladbach at BORUSSIA-PARK: the place for that Bundesliga feeling
Football is king at H-Hotel Group’s new H4 Hotel in Mönchengladbach. Its location right next to the stadium and the theme rooms depicting the history of the Borussia Dortmund football club make this new hotel unique and a must for any football enthusiast. Our lawyers had the pleasure of advising H-Hotels Group on the creation of its first football-themed hotel and took the chance to visit this amazing place shortly after its opening.
Transport System Bögl: new local public passenger transport system a big success in China
The Max Bögl group of companies has developed a new local public passenger transport system. The system called “Transport System Bögl” (TSB) uses magnetic levitation, or “maglev” technology and provides a clean and cost-efficient means of transport for better mobility in inner city areas. The technology is becoming increasingly popular also in other countries: Max Bögl’s most recent export order was the sale of its TSB to China. The company’s plans include building a 3.5 km test track in Chengdu and extensive marketing activities to promote the technology in China – all through a sales partnership with a Chinese company.
You don't want to miss any more of the latest legal developments? And be invited to our events? Then register here.