UK law firm TLT has advised Good Energy, the renewable energy company, on a further £1m investment in Zap-Map, the Electric Vehicle (EV) mapping service.
This is the next stage in Good Energy’s long-term investment in Zap-Map, which TLT has been advising on over recent years. In this latest development, the team advised on the structuring of the deal, as well as its negotiation and completion.
The investment will be made via a convertible loan into Zap-Map’s parent company, Next Green Car Ltd, and will fund the next stage of the company’s growth as well as allowing it to capitalise on a growing number of commercial propositions.
The TLT team included corporate associate Luke Thorngate-Davies, partner Jon Gill and trainee solicitor Georgia Bew.
Charlie Parry, head of investor relations and company secretarial at Good Energy, says: “TLT’s support throughout this investment has been invaluable, particularly in the early stages where the team provided strategic commercial advice that helped shaped our approach.
“The team leveraged their experience working with investors in high growth companies to deliver yet another successful result for our business within a particularly short timeframe.”
Luke Thorngate-Davies, associate at TLT, added: “We are incredibly pleased to once again be supporting Good Energy. Our experience acting for some of the most important players in the clean energy market means we are ideally positioned to advise on these deals and to drive the investments that will result in the decarbonised economic growth of the future. Good Energy’s investment marks yet another step in the right direction on the journey towards zero-carbon mobility.”