Reliance Industries’ Strategic Investment In Ambri Inc.

Freshfields advised Reliance New Energy Solar Limited on the deal.

New Energy Solar Limited (“RNES”), a wholly-owned subsidiary of Reliance Industries Limited (“Reliance”), on its strategic investment in Ambri Inc. (“Ambri”). Ambri’s financing round was jointly led by RNES and Paulson & Co., Inc., and included participation from existing investor Bill Gates, among others. Ambri, based in Boston, Massachusetts, is developing long-duration battery technology systems, and will use the proceeds from the financing to design and construct high-volume manufacturing facilities in the US and internationally. 

Reliance is India’s largest private sector company, with activities spanning hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services.

The Freshfields team included partner Menachem Kaplan (Picture), senior associate Scott Blumenkranz and associates Danny Spencer and Alex Canahuate.

Involved fees earner: Scott Blumenkranz – Freshfields Bruckhaus Deringer LLP; Menachem Kaplan – Freshfields Bruckhaus Deringer LLP; Danny Spencer – Freshfields Bruckhaus Deringer LLP;

Law Firms: Freshfields Bruckhaus Deringer LLP;

Clients: Reliance Industries Limited;

Martina Bellini

Author: Martina Bellini