Mercuria, one of the world’s largest integrated independent energy and commodity trading companies, announced a strategic investment in The Mobility House AG (TMH), a leading technology company that dedicates itself to integrating electric vehicles intelligently into the energy system. The investment provides Mercuria with the opportunity to deploy capital in electric vehicle integration in the energy markets, joining The Mobility House’s journey to significant long-term value creation in energy flexibility solutions. Over the next five years, 50% of Mercuria’s new investments will be in renewable energies and with their investment in a technology company like TMH, they are one step closer to reaching a renewable-driven future.
The investment follows shortly after a fundraising in Q3 2020, in which TMH secured a Private Placement from the SP Group and a Financing Facility by the European Investment Bank to explore smart charging (V1G) and vehicle-to-grid (V2G) feasibility in Singapore. IMPROVED also acted as the financial advisor to The Mobility House in this transaction.
Following other landmark deals within the global Mobility and Energy Transition domain, such as the sale of ubitricity to Shell and the series C fundraise of FreeWire led by Riverstone, this is now the 5th consecutive transaction by IMPROVED in the Mobility & Energy Transition space in Q1 2021.
TMH’s solution ChargePilot, the award-winning Charging and Energy Management System with its underlying EEV aggregation platform, creates the basis for uni- and bi-directional integration of electric vehicles into the power grid. It converts electric car batteries into essential assets for the energy transition by providing flexibility to the grid, which subsequently promotes the integration of renewable energies.
The Mobility House is currently offering the only non-proprietary and open technology based on industrial interfaces on the market. It has already proven to be successful with many international clients and in several future-oriented pilot projects. They demonstrated the considerable reduction of CO2 emissions and highlighted the possibility for electric car owners to generate revenues.
