TGS Baltic has advised the Smart Energy Fund, powered by Lietuvos Energija, on its investment in Moixa, a UK-based company developing smart energy storage devices and virtual power plant technologies.
The EUR ten million investment round was led by Honda, and included Japan's ITOCHU Corporation and UK-based venture capital investor First Imagine! Ventures. The Smart Energy Fund invested EUR 500,000.
Moixa’s GridShare platform facilitates the smart charging of batteries and electric vehicles. It uses artificial intelligence to monitor energy use and develop charging plans that are tailored customer needs.
The Smart Energy Fund is managed by Contrarian Ventures and invests in energy technology start-ups.
TGS Baltic's team included Partner Aurimas Pauliukevicius.
TGS Baltic did not reply to our inquiry on the matter.