ADVANT Beiten Advises Renault MOBILIZE on a Joint Venture with GP JOULE CONNECT

Berlin, 15 October 2021 – ADVANT Beiten has advised Renault's charging service MOBILIZE Power Solutions on the establishment of a joint venture with GP JOULE CONNECT in the DACH market.

MOBILIZE Power Solutions accelerates the electrification of mobility. The cooperation with GP JOULE CONNECT aims to increase the offer of turnkey charging solutions in Germany, Austria and Switzerland - especially for commercial fleet operators. Under the company name Elto DACH GmbH, the newly founded joint venture based in Hamburg will implement joint projects of the partners in Germany, Austria and Switzerland.

GP JOULE CONNECT, a member of the GP JOULE Group, is a leading systems house for new mobility based on renewable energies, registered in the German state of Schleswig-Holstein.

Advisors to Renault MOBILIZE / Elto Holding:

ADVANT Beiten: Tassilo Klesen (lead partner), Dr Christian von Wistinghausen and Dr Patrick Hübner (all Corporate/M&A, Berlin).

Advisors to GP JOULE CONNECT:

Dr Torsten Rosenboom and Nicolas Persch (Watson Farley Williams)

Media Contact

Frauke Reuther

Manager Kommunikation

ADVANT Beiten

+49 (69) 75 60 95 - 570

frauke.reuther@advant-beiten.com

Tassilo Klesen

Rechtsanwalt

ADVANT Beiten

+49 (30) - 2 64 71 - 351

tassilo.klesen@advant-beiten.com