Schoenherr has advised the Liechtenstein Group as lead investor in a EUR 40 million financing round for Tesvolt.
The Liechtenstein Group is a group of companies owned by the Princely House of Liechtenstein and is internationally active in agriculture and food, forestry, renewable energy, and real estate. Tesvolt is an energy storage company operating in the commercial and industrial sectors.
According to Schoenherr, “a consortium of investors led by the Liechtenstein Group is providing Tesvolt with EUR 40 million in equity capital. This financing round will enable Tesvolt to accelerate its international activities and consistently drive forward the development of innovative products for energy storage solutions. The investment complements the Liechtenstein Group's existing renewable energy portfolio.”
Schoenherr’s team was led by Partner Alexander Popp and included Partner Thomas Kulnigg, Counsel Gregor Petric, and Associate Daniel Wadl.
The firm did not respond to our inquiry on the matter.