We advised SQM Lithium Ventures on leading the EUR-5.1-million funding round for the Estonian mobility company Vok Bikes. The funding will allow Vok Bikes to further expand across Europe and accelerate the shift away from vans in city centres.
The funding round was joined by existing investors Metaplanet, Specialist VC, Sunly, and SmartCap – Estonia’s state-backed VC fund, whose Green Fund investment is supported by the EU’s NextGenerationEU recovery plan.
“We are thrilled to support a brand that is redefining electromobility,” said Mark Fones, CEO of SQM International Lithium. “Vok’s in-house 4Drive system and top-tier engineering approach have raised the bar by delivering reliability and ride quality on par with automotive standards.”
Our services and client team
We advised SQM as local counsels via DLA Piper Chile while negotiating and preparing transaction documents, closing the transaction, and conducting LDD.
Our client team was led by partner Mirell Prosa, who was supported by counsels Olivia Kranich, Pirkko-Liis Harkmaa and Piibe Lehtsaar; senior associates Liisa Maria Kuuskmaa, Vladislav Leiri and Oliver Kuusk; and associates Kevin Piho, Meri-Ly Karjus-Mustafayev.
