Drake Star Partners acts as the financial advisor to The Mobility House in securing a Private Placement from Mercuria Energy Group
Amsterdam | Munich | Zurich | Geneva (March 30, 2021)
Mercuria, one of the world’s largest integrated independent energy and commodity trading companies, announced a strategic investment in The Mobility House AG (TMH), a leading technology company that dedicates itself to integrating electric vehicles intelligently into the energy system. The investment provides Mercuria with the opportunity to deploy capital in electric vehicle integration in the energy markets, joining The Mobility House’s journey to significant long-term value creation in energy flexibility solutions. Over the next five years, 50% of Mercuria’s new investments will be in renewable energies and with their investment in a technology company like TMH,) they are one step closer to reaching a renewable-driven future.
The investment follows shortly after a fundraising in Q3 2020, in which TMH secured a Private Placement from the SP Group and a Financing Facility by the European Investment Bank to explore smart charging (V1G) and vehicle-to-grid (V2G) feasibility in Singapore. Drake Star Partners also acted as the financial advisor to The Mobility House in this transaction.
Following other landmark deals within the global Mobility and Energy Transition domain, such as the sale of ubitricity to Shell and the series C fundraise of FreeWire led by Riverstone, this is now the 5th consecutive transaction by Drake Star Partners in the Mobility & Energy Transition space in Q1 2021.
TMH’s solution ChargePilot, the award-winning Charging and Energy Management System with its underlying EEV aggregation platform, creates the basis for uni- and bi-directional integration of electric vehicles into the power grid. It converts electric car batteries into essential assets for the energy transition by providing flexibility to the grid, which subsequently promotes the integration of renewable energies. The Mobility House is currently offering the only non-proprietary and open technology based on industrial interfaces on the market. It has already proven to be successful with many international clients and in several future-oriented pilot projects. They demonstrated the considerable reduction of CO2 emissions and highlighted the possibility for electric car owners to generate revenues.
Jean François Steels, Vice President Energy Transition at Mercuria, says: “As we embark in our energy transition journey, we see this investment as a smart way to link electric mobility with renewable energy, two fast-growing sectors. This solution is increasing the flexibility of energy markets, which need to accommodate the growing intermittent new renewable sources of power supply”.
“We are honored that Mercuria joins as an investor to support The Mobility House’s growth and internationalisation. Both new investors, Singapore Power and Mercuria are strategic shareholders to strengthen the energy part of our business model globally” commented Franz Peter Weber, TMH’s Chief Financial Officer.
“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 team: Dominique Houde, Bas Hendriks, Luuk Hulzebos, Thomas Smal
Legal advisor to The Mobility House: Hogan Lovells and Walder Wyss
For further enquiries, please contact Dominique Houde or Bas Hendriks:
Founded in 2004, Mercuria is one of the largest independent energy and commodity groups in the world, bringing efficiency to the commodity value chain with cutting-edge technology and unmatched expertise and solutions. Mercuria’s business includes trading flows, strategic assets and structuring activities that generate more than USD 120 billion in turnover. It operates from offices around the world, with a strong presence in the Americas, Asia and Europe. Information on Mercuria can be found on its website at www.mercuria.com.
About The Mobility House
The goal of The Mobility House is to shape an emission-free energy and mobility future. We integrate vehicle batteries into the power grid using intelligent charging and energy solutions. This way, we promote the development of renewable energies, stabilise the power grid, and make electric mobility more affordable. The technology company was founded in 2009 and operates globally from its sites in Munich, Zurich and Belmont (CA). We support our private and business customers on their way to electromobility through the planning and building process as well as the operation of an individual charging infrastructure. As a neutral supplier, we work together with many partners such as charging infrastructure manufacturers, installation companies, back-end system operators, energy suppliers and automobile manufacturers. Our intelligent Charging and Energy Management system ChargePilot enables our customers and partners to integrate electric vehicles into the grid in a way that is both grid-optimised and future-proof. For more information visit www.mobilityhouse.com
About Drake Star Partners
Drake Star Partners is a global investment banking firm serving the technology, media and communications sectors (TMC) with offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Amsterdam, and Geneva. The firm focuses on M&A and corporate finance for its clients worldwide. Drake Star Partners completed over 360 transactions since 2004, 70% of which are cross-border.
Drake Star Partners is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. Drake Star UK Limited is an appointed representative of Kession Capital Ltd which is authorised and regulated by the Financial Conduct Authority. © 2016 Drake Star Partners Limited.