Deal Corner
July 17, 2024
NDA Represents Certain Selling Shareholders as Part of Battery Smart’s Series B Fundraise
DEAL BRIEF
Battery Smart (Upgrid Solutions Private Limited) raised USD 65 million from a Series B fundraise led by Acacia Inclusion Limited, MUFG Bank, Blume Ventures, The Ecosystem Integrity Fund, and British International Investment. As part of the transaction, certain early angel investors in Battery Smart sold their shares to incoming investors.
OUR ROLE
We at Nishith Desai Associates, acted as counsels for certain selling shareholders, including, GFC BatterySmart LLC, selling their shares in Battery Smart to Acacia Inclusion Limited and advised on legal and regulatory aspects, including negotiation and finalization of the transaction documents.
DEAL TEAM
MEDIA COVERAGE
https://inc42.com/buzz/ battery-smart-to-raise -45-mn-from-acacia-mufg/
