We advised Marubeni, a major Japanese integrated trading and investment business conglomerate, on it’s investment into Skeleton Technologies, an Estonian next generation energy storage technology company.
Working towards a decarbonised society
Through the Investment, Marubeni, as a strategic partner of Skeleton, will leverage its global marketing capabilities to carry out the sales of Skeleton’s ultracapacitors in Japan and other Asian countries, and will develop the applications of its next generation products utilising its relationship with existing clients in various industries.
Marubeni will contribute to the achievement of a decarbonised society－a globally shared goal－and the realisation of a sustainable society by enabling the creation of new business models that capture the growing demands of society, such as Smart City, decentralised and renewable new energy solutions, and autonomous vehicles.
Clear market leader
Skeleton develops and manufactures ultracapacitors, used as energy storage devices in various industries including automotive, transportation, construction machinery, electric power, and industrial machinery. Being the largest of it’s kind in Europe with its research and development facilities in Estonia and Germany and its manufacturing facility in Germany, Skeleton currently supplies its ultracapacitor products, with the highest performance level in the market, to clients such as major automotive manufacturers and global electrical & power generation system manufacturers in Europe and the United States.
Furthermore, Skeleton is developing next generation products that will have a significant increase in energy density, which will enable them to be applied to a wider range of areas, achieve more efficient energy usage at a lower cost, and provide environmental protection measures by being an alternative to lithium-ion batteries and lead-acid batteries, or by being combined with fuel cell systems.
We acted as Estonian legal counsel to Marubeni. Our core team included partner Toomas Prangli, senior associate Robin Teever and associate Mirell Prosa.