Austria: Schoenherr advises Liechtenstein Group on EUR 40m investment in Tesvolt

Schoenherr advised the Liechtenstein Group on its investment in Tesvolt GmbH, a technology leader for energy storage in the commercial and industrial sector.

A consortium of investors led by the Liechtenstein Group is providing Tesvolt with EUR 40m 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.

"We are very pleased that we were able to advise the Liechtenstein Group on this investment and pave the way for further innovative developments in the energy sector," said Alexander Popp, who led the Schoenherr team.

The Liechtenstein Group is a group of companies owned by the Princely House of Liechtenstein, which is internationally active in agriculture & food, forestry, renewable energies and real estate. The Group invests in sustainable and innovative business models where it can leverage its industry expertise and long-term capital.

The Schoenherr team was led by Alexander Popp (partner) and further consisted of Gregor Petric (counsel), Daniel Wadl (associate) and Thomas Kulnigg (partner).