Norton Rose Fulbright advises InfraRed Capital Partners on investment in JOLT Energy

Global law firm Norton Rose Fulbright has advised InfraRed Capital Partners on a 150 million Euro investment in electric mobility company JOLT Energy. With this financial support, JOLT Energy will further expand its network of urban fast-charging stations for electric cars in Germany, Europe and the United States, thereby promoting the spread of electric mobility.

InfraRed Capital Partners, with offices in London, New York, Seoul and Sydney, is an international investment manager infrastructure assets that play a vital role in supporting communities. The company has been in existence for over 20 years and has many years of experience investing in renewable energy and battery technology. 

JOLT Energy Limited, based in Dublin and Munich, is an operator of e-charging stations. The company aims to drive the global shift to battery-powered electric vehicles. In doing so, JOLT Energy is focusing on introducing ultra-fast charging in urban areas where the majority of drivers reside. InfraRed's investment will allow JOLT to deploy thousands of ultra-fast charging stations with a capacity of up to 320 kW in urban areas. This allows an electric car to be fully charged within 20 minutes.

The law firm Norton Rose Fulbright advised on the German part of the transaction as well as the German, US and Dutch parts of the due diligence.

The Norton Rose Fulbright team in Munich was led by Counsel Dr Wenzel Richter and Partner Dr Klaus Bader (both Energy Infrastructure and Private Equity). They were supported by Transaction Specialist Tobias Grans (Corporate) and Associate Michaela Zenkert (Employment). Norton Rose Fulbright's due diligence team consisted of Partner Wouter Herzberger, Associate Willemijn Holm (both Amsterdam), Partner Jake Falk and Partner Daniel Prati (both New York), Associate Nils Kruse, Senior Associate Sebastian Eisenhut, Associate Marianne Milovanov (all Corporate, Munich), Partner Dr. Tim Schaper, Transaction Specialist Noby Cyriac (both Antitrust, Hamburg), Counsel Dr Barbara Heinrich, Senior Associate Michael Böger (both Real Estate, Frankfurt and Munich) as well as Partner Dr Alexander Cappel, Counsel Hannes Lubitzsch and Associate Johannes Brehm (all Compliance, Frankfurt). 

A&L Goodbody (Richard Marron, Eoghan Browne and Daniel Talbot) was responsible for the Irish part of the transaction and documentation. InfraRed was advised on tax matters by the audit and advisory firm PriceWaterhouseCoopers.

Osborne Clarke advised Jolt Energy in Germany, William Fry in Ireland. Nomura Greentech from London and Switzerland was involved as Jolt Energy's investment bank.