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

Vaibhav Parikh

Afaan Arshad

Morvi Chaturvedi

Muqeet Drabu

MEDIA COVERAGE

https://economictimes.indiatimes.com/tech/ funding/battery-smart-raises-65- million-at-340-million-valuation /articleshow/110917031.cms?from=mdr

https://inc42.com/buzz/ battery-smart-to-raise -45-mn-from-acacia-mufg/

https://www.entrepreneur.com/ en-in/news-and-trends/battery -smart-raises-usd-65-mn-in-series -b-to-boost-ev/475434

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

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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

Vaibhav Parikh

Afaan Arshad

Morvi Chaturvedi

Muqeet Drabu

MEDIA COVERAGE

https://economictimes.indiatimes.com/tech/ funding/battery-smart-raises-65- million-at-340-million-valuation /articleshow/110917031.cms?from=mdr

https://inc42.com/buzz/ battery-smart-to-raise -45-mn-from-acacia-mufg/

https://www.entrepreneur.com/ en-in/news-and-trends/battery -smart-raises-usd-65-mn-in-series -b-to-boost-ev/475434

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.