L A T E S T N E W S
Drake Star Partners acts as the exclusive advisor to The Mobility House in securing a Private Placement from Mercuria Energy Group
“Another transaction underlying the growth of a leading energy transition player” said Dominique Houde, Partner for Mobility & Energy Transition at Drake Star Partners, Amsterdam. Dominique Houde continues: “This strategic investment in TMH by one of the leading energy trading groups worldwide marks a clear step in the importance of grid integration and optimisation in electric mobility. The area is ready to demonstrate not only major scalability, but also its significant potential for monetisation. The transaction adds to the expertise we can make available to other players aiming for a leading position in the e-mobility sector”.
Drake Star Partners advises Ponooc and management on the sale of ServiceHouse
Frank Verbeek, Managing Partner and Head of the Global Mobility and Energy Transition team at Drake Star Partners Amsterdam, commented: “ServiceHouse will grow even faster within this strategic partnership which why this is another deal with all stakeholders coming out as clear winners. Next to the group of more traditional buyers, we see new entrants playing a significant role in the Energy Transition."
Driven by economic, societal, and political factors, the world is increasingly transitioning towards renewable energies and electrification globally. This trend is substantiated and represented by the continued steep adoption of electric vehicles in 2020, which reached its tipping point in the leading EV countries in Europe. Driven by the increasingly converging mobility and energy industries, state-of-the-art technology and leading innovation will be the decisive factors and endgame within this megatrend and will shape the winners of the Energy Transition. Drake Star foresees a continued activity of companies entering the sustainable energy markets, focused on owning and strengthening the relationship with the end-customer through integrated, innovative, and technology-driven value positions.
Drake Star Partners is excited to support stakeholders in the Energy Transition space in their market expansion efforts to fully leverage its unparalleled expertise and extensive network in the industry as a whole
Drake Star Partners acts as exclusive advisor to Last Mile Solutions on the Growth Investment by EUROWAG
Sherief Rahim, Principal for Mobility & Energy Transition at Drake Star Partners, commented: “We are extremely proud to have advised Last Mile Solutions and its shareholders on this transaction. It has been a privilege to have worked with great entrepreneurs and industry leaders. Also, we thank the EUROWAG team for its professionalism, pragmatism and perseverance to complete this transaction at record-speed. We truly believe this partnership is the start of a journey that will lead to ground-breaking innovation and undisputed leadership in this sector.”
Frank Verbeek, Managing Partner for Mobility & Energy Transition at Drake Star Partners, added: “This is not only about a growth investment for Last Mile Solutions, this also about a partnership between two parties that will bring more highly relevant solutions for all stakeholders. It once more proves that believing in innovation can change the world. This partnership is about growth in all possible meanings. For our Drake Star Mobility & Energy Transition Team it is the 4th transaction in 2021; gaining additional expertise in this very dynamic segment”
Drake Star Partners acts as exclusive advisor to FreeWire Technologies in securing a $50 Million Series C, led by Riverstone Holdings
“Another transaction with a leading and innovative energy transition player” said Dominique Houde, Partner for Mobility & Energy Transition at Drake Star Partners, Amsterdam. Dominique Houde continues: “This transaction is another clear example of how the sector is scaling up, requiring the use of active storage management to optimize the grid. FreeWire is one of these exceptional companies with a team that identified a major opportunity in the energy transition market, and executed very successfully ahead of its competitors."
Frank Verbeek, Managing Partner for Mobility & Energy Transition at Drake Star Partners, Amsterdam, added: “For Drake Star Partners this transaction is the latest of an ongoing series of landmark transactions in Mobility and Energy Transition, adding to the expertise we can make available to other players aiming for a winning position especially now with substantial government support coming to the US market."
Drake Star Partners acts as exclusive advisor to ubitricity on its sale to Shell
Sherief Rahim, Principal at Drake Star Partners Amsterdam and Global Mobility and Energy Transition sector team, commented: “We are thrilled to have advised ubitricity and its shareholders in this highly strategic transaction. E-mobility has clearly reached a tipping point and through this synergetic transaction, ubitricity is geared to lead its next growth phase in a sector that is bound for hyper growth. Becoming part of the Shell Group will allow ubitricity to strengthen its leadership position and capture the enormous market opportunity of EV charging.”
Frank Verbeek, Managing Partner and Head of the Global Mobility and Energy Transition team at Drake Star Partners Amsterdam, added: “We once more see the proof that bold entrepreneurship will be rewarded with additional value for all stakeholders. With Shell, ubitricity will reach next levels, and proven innovation will show its benefits on an even larger scale; that’s why we believe in doing the deals with winners only.”