Formica Capital’s SEK 115 Million Investment in ChargeNode

Wistrand advised ChargeNode on the deal.

ChargeNode, a green tech company that eliminates the need for traditional EV chargers, has raised 115 MSEK from Formica Capital to accelerate Swedish and international expansion. ChargeNode fits very well into Formica’s focus on fast-growing companies with climate-effective solutions for properties, being Formica’s fifth investment in this segment.

ChargeNode’s patent-pending technology for EV charging consists of a central charging unit that enables charging of more than 50 electric vehicles. Its innovative charging technology reduces power requirement and operational cost while also removing the need for a traditional charger at each parking bay.

Wistrand’s team has consisted of partner Per Dalemo (Picture), senior associate Amy Lindquist, associate Tobias Bratt and paralegal Anna Johansson.

Involved fees earner: Tobias Bratt – Wistrand; Per Dalemo – Wistrand; Amy Lindquist – Wistrand;

Law Firms: Wistrand;

Clients: ChargeNode;

Federica Tiefenthaler

Author: Federica Tiefenthaler