Motieka & Audzevicius has advised In Balance Grid on a EUR 1.3 million investment from EIT Urban Mobility, the Business Angels Fund, Civinity, and the Motieka Investment Fund. Primus advised the Business Angels Fund and other investors. TGS Baltic reportedly advised existing investor Contrarian Ventures.
“This investment has also helped us to strengthen our expertise,” In Balance Grid Co-Founder and CEO Simonas Stankus commented. “Experts in innovations and the real estate industry joined us, who also have experience in Poland and are keen to share it. It will enable us to implement our strategic development plans faster.”
Earlier this year, Motieka & Audzevicius advised In Balance Grid on its joint venture with Equite to develop charging station infrastructure (as reported by CEE Legal Matters on February 3, 2023).
The Motieka & Audzevicius team included Partner Rokas Jankus and Senior Associate Laurynas Ramonas.
The Primus team included Partner Giedre Dailidenaite, Senior Associates Greta Vozbutaite, Karolis Diska, and Vilma Rakleviciene, and Associate Monika Murauske.
