IMPROVED advises Last Mile Solutions on the Growth Investment by EUROWAG
- Date February 18th, 2021
- Transaction type Growth Financing
- Sector Mobility
- Sub Sector Electric Vehicle Charging Software
IMPROVED is pleased to announce that it acted as the exclusive financial advisor to Last Mile Solutions on the Growth Investment by EUROWAG. This landmark transaction earmarks the 9th consecutive deal and the 3rd deal in Q1 2021 within the rapidly growing EV charging ecosystem led by IMPROVED.
Through its unparalleled sector expertise and extensive global network in the industry, the IMPROVED team has successfully managed to find the optimal partner for Last Mile Solutions by advising the company throughout this highly competitive and cross-border fundraising process.
Last Mile Solutions is one of the fastest-growing pioneers in the EV charging industry. The company operates a state-of-the-art EV charging and smart energy management platform for E-mobility businesses in Europe. Through a highly scalable growth strategy, Last Mile Solutions is one of the largest independent EV charging software providers with more than 37,000 connected charging points and over 150,000 active charging cards with users across +22 countries.
The investment from EUROWAG, a leading provider of commercial transport solutions, will further fuel the expansion of Last Mile Solutions across Europe and accelerate the development of cutting-edge EV charging functionalities on its platform. Furthermore, the transaction supports EUROWAG’s position in the E-mobility market and confirms its focus on sustainable transportation. Through this partnership, both companies will combine efforts to provide their industry-leading E-mobility services to their customers and enhance the EV driver’s customer journey.
“Our vision is to democratize the on-road mobility industry through the technological revolution. We create sustainable financial and technological solutions for the benefit of our industry, society and environment. The partnership with Last Mile Solution contributes to EUROWAG’s green objectives and enhances the focus on the automotive industry."
“Through this investment, we have set the foundation for a profound partnership that is unique in the EV charging sector. Besides the technical and commercial synergies between EUROWAG and Last Mile Solutions, there is a solid personal and entrepreneurial chemistry between both organisations. This growth investment will accelerate our pan-European expansion and enhance our development of new functionalities to optimise the customer journey of EV drivers, while maintaining our unique independence towards our blue chip B2B customers.”
Eric van Voorden
CEO & co-founder, Last Mile Solutions
“We are extremely proud to have advised Last Mile Solutions and its shareholders on this transaction. It has been a privilege to have worked with great entrepreneurs and industry leaders. Also, we thank the EUROWAG team for its professionalism, pragmatism and perseverance to complete this transaction at record-speed. We truly believe this partnership is the start of a journey that will lead to ground-breaking innovation and undisputed leadership in this sector.”
Executive Director, IMPROVED
“This is not only about a growth investment for Last Mile Solutions, this also about a partnership between two parties that will bring more highly relevant solutions for all stakeholders. It once more proves that believing in innovation can change the world ... This partnership is about growth in all possible meanings. For our Drake Star Mobility & Energy Transition Team it is the 4th transaction in 2021; gaining additional expertise in this very dynamic segment”
Managing Director, IMPROVED