Motieka & Audzevicius has advised the founders of Lithuania's In Balance Grid on EUR 950,000 invested into the company by Koinvesticinis Fondas, Contrarian Ventures, and several angel investors, all of which were advised by TGS Baltic.
According to Motieka & Audzevicius, “In Balance grid develops charging infrastructure that is built on a cluster system with a master and slave design concept, where the majority of the components are off the shelf and managed by In Balance grid software. Innovations in software development allow the company to ensure the distribution of electrical energy between all consumers through dynamic load management and virtual queues."
The firm also reports that “joining Contrarian Ventures and Koinvesticinis Fondas are Mantas Mikuckas, the co-founder of Vinted, the first unicorn founded in Lithuania, and Ernestas Petkevicius, a seasoned angel investor.”
Motieka & Audzevicius’ team included Partner Justinas Jarusevicius and Senior Associate Rokas Jankus.
TGS Baltic's team included Partners Aurimas Pauliukevicius and Dalia Tamasauskaite-Ziliene and Associate Julija Skardziute.