Schoenherr advised the Austrian high-tech company Easelink, a provider of automated electric vehicle charging solutions, on its EUR 8.3m Series A financing round.
Easelink was founded in 2016 in Austria and developed Matrix Charging, a fully automated charging solution for e-cars that eliminates the need to manually plug in the charging cable. This charging system is already in use in several pilot projects, such as the project eTaxi Austria for automated charging of taxi fleets in Vienna and Graz. The funding now received will enable Easelink to further grow its product team, expand collaborations within the automotive and infrastructure industries, and continue working towards the implementation of a global charging standard. The financing round was led by SET Ventures, with further participation by EnBW New Ventures, Smartworks and existing investor Hermann Hauser.
The vision behind the technology of Easelink is to use the parking times of electric vehicles as charging times through an automated charging connection at the respective parking lot. From offices in Austria and China, Easelink works with a number of leading automotive and infrastructure partners to deploy the technology in a range of use cases.
"We congratulate Easelink on this successful financing round and are proud to be part of such innovative developments in the e-mobility sector," said Thomas Kulnigg, partner and co-head of Schoenherr's ip & technology practice group.
The Schoenherr team advising Easelink was led by Thomas Kulnigg (partner) and further consisted of Dominik Tyrybon (associate), Michael Woller (partner), Dominik Hofmarcher (counsel), and Maximilian Czernin (associate).
Schoenherr's venture capital team can already look back on numerous exciting start-up financings in this short year. Two of these financings include Thomas Kulnigg's team advising New York-based venture capital fund Left Lane Capital on the Series D financing round of GoStudent, an online platform for video-based tutoring. The team was also involved in the late seed investment round for Greenpass, a SaaS solution for assessing the environmental impact of real estate and open space projects, where it advised Peak Pride.