Wermuth Asset Management’s Green Gateway Fund Acquires Stake in The Mobility House

15. Februar 2013 PR Presse Schlagwörter: 0 Comments
Frankfurt. The Green Gateway Fund, to which sustainable investment specialist Wermuth Asset Management GmbH (“WAM”) is the exclusive advisor, today announced that it has acquired a minority stake in The Mobility House (“TMH”). TMH is a fast growing e-mobility solutions provider with operations in Austria, Switzerland, Germany and Scandinavia. The company enables automotive manufacturers to enter the market for electric mobility and to establish a product portfolio for their customers.  TMH is focused on home charging equipment installations and services around charging (including public charging reservation and green certificates), as well as energy management services.  Using its unique packages, companies and individuals can easily enter the electric mobility area, thereby walking away from fossil fuel consuming solutions from the past. Commenting on the investment, Green Gateway Fund Partner Casper Heijsteeg said: “We have been extremely impressed with TMH in terms of the quality of business, the vision of the management team and the company’s high growth prospects.  We see this investment not only as a financial investment but also as a strategic partnership as we collectively seek opportunities to develop TMH further into a leading global business.” TMH CEO Thomas Raffeiner said: “We are delighted that Green Gateway Fund has decided to come onboard and to support our future growth as a company.  We are closely aligned in our strategic vision for the business, as well as having complementary sector and geographic expertise.  I am confident that this partnership will help to create significant and sustainable value for TMH.” About the Green Gateway Fund The Green Gateway Fund was launched in the presence of Germany’s Chancellor Angela Merkel and Russia’s then President Dmitry Medvedev as the Europe Tatarstan Cleantech Fund (“ETCF LP”).The aim of the Green Gateway Fund is to invest in international best-in-class energy and resource efficiency growth companies, with an additional unique selling point of actively helping portfolio companies to access the fast-growing Russian and CIS markets through the gateway of Tatarstan, where fund advisor Wermuth Asset Management has more than a decade of successful experience investing and doing business. The fund is operational, has hard commitments of €110m and is targeting a final closing size of €250m. Contact Anna Yarmarkova +49 7926 2047657 [email protected] Tom Blackwell +49 7919 102 9064 [email protected]   Kontakt: [email protected]

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