Press Release - ProLogium
Loeb Smith advises ProLogium on investments from Mercedes-Benz, New Epoch Capital, Primavera Capital Group and SoftBank China Venture Capital
Loeb Smith Attorneys is pleased to announce that it has advised ProLogium on its US$326 million funding round from New Epoch Capital, Primavera Capital Group and SoftBank China Venture Capital, as well as an investment from Mercedes-Benz. The more recent investment from Mercedes-Benz will be used to support the development of ProLogium’s existing technology and to establish production capacity in Europe. Mercedes-Benz will also take a seat on ProLogium’s board of directors.
ProLogium is a global leader in innovative next generation battery technologies for vehicle, consumer, and industrial applications and is the first battery company in the world to mass-produce solid-state lithium ceramic batteries.
The Loeb Smith team was led by Hong-Kong based corporate and finance partner Peter Vas and acted as Cayman Islands counsel to ProLogium alongside a leading international law firm in Hong Kong.
Peter commented on the transactions and said: ”We are delighted to have assisted ProLogium on these high-profile corporate matters. These were highly negotiated transactions and an excellent example of the firm’s ability to provide commercial and responsive advice on complex matters.”