Ravetto Associés – Acting as advisory counsel for Demeter Partners, Allianz France and NCI on their investment in the start-up ZeWay
Ravetto Associés served as transaction counsel to the Ecological Transport Modernisation Fund known as Fonds de modernisation écologique des transports (FMET) managed by Demeter Partners (principal investor), along with the InnovAllianz fund (Allianz France) and WaterStart Capital (NCI), regarding their investment in the start-up ZeWay.
The investment in ZeWay totals 15 million euros (consisting of 6.9 million euros share capital purchase and 8 million euros in convertible bonds), and will allow ZeWay to deploy its fleet of personal electrical scooters fitted with swappable batteries and set up a network of battery exchange stations.
Ravetto Associes was involved in the due diligence of the start-up and its subsidiary, including all regulatory aspects of ZeWay’s activities. It also structured the capital raise/ investment, negotiated the shareholders agreement related to the investor’s equity investment, drafted the convertible bonds and related securities, and negotiated the project agreements.