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5.21.24
Wilson Sonsini Advises TELO on $5.45 Million Strategic Fundraise
On March 13, 2024, TELO, a maker of intelligently designed, compact electric vehicle trucks, successfully completed a $5.45 million strategic fundraise led by Neo, with additional investment from Spero Ventures and angel investors. Wilson Sonsini Goodrich & Rosati advised TELO on the transaction.
Client Highlights
9.26.23
Wilson Sonsini Advises Arbor Energy on $9 Million Seed Round
On September 7, 2023, digital energy company Arbor Energy announced it has raised a $9 million seed round led by First Round Capital, with participation from Obvious Ventures, Spring Tide, and strategic angels such as Jon Stein (Co-Founder of Betterment), JD Ross (Co-Founder of Opendoor), Patrick Maloney (Founder of Inspire and Clean Industry Ventures), and Kiran Bhatraju (Co-Founder and CEO of Arcadia), among others. Wilson Sonsini Goodrich and Rosati advised Arbor on the transaction.
Arbor is the first robo-advisor for energy, saving people an estimated $500 in the first year by monitoring how much they pay for energy and helping them automatically switch to a cheaper rate with the same utility. Today, Arbor is available to homeowners and renters across 50 million households in deregulated energy markets, which includes most of the Northeast, Midwest, and Texas. Arbor founder and CEO Andrew Meyer says that the energy robo-adviser is only the first product and that Arbor plans to develop more tools around energy and data.
Arbor is the first robo-advisor for energy, saving people an estimated $500 in the first year by monitoring how much they pay for energy and helping them automatically switch to a cheaper rate with the same utility. Today, Arbor is available to homeowners and renters across 50 million households in deregulated energy markets, which includes most of the Northeast, Midwest, and Texas. Arbor founder and CEO Andrew Meyer says that the energy robo-adviser is only the first product and that Arbor plans to develop more tools around energy and data.
Client Highlights
9.11.23
Wilson Sonsini Advises Falkonry on Acquisition by IFS
On August 23, 2023, IFS, a global cloud enterprise software company, announced it has signed a definitive agreement to acquire Falkonry, Inc., a California-based Industrial AI software company that provides automated, high-speed data analysis to the manufacturing and defense industries. Wilson Sonsini Goodrich & Rosati advised Falkonry on the transaction.
Client Highlights
9.07.22
Wilson Sonsini Advises Lunar Energy on Acquisition and Corporate Matters as Company Emerges from Stealth
On August 24, 2022, Lunar Energy, a California-based start-up dedicated to delivering home electrification, emerged from stealth mode having successfully raised over $300 million in two rounds of funding led by Sunrun and South Korea's SK Group. Lunar Energy also acquired Moixa, the leading global software company for distributed energy resources (DER) management. In addition, ITOCHU and Honda, previous investors in Moixa, joined Lunar Energy's team of investors. Wilson Sonsini Goodrich & Rosati represented Lunar Energy in the financings, the acquisition, technology transactions, and general corporate matters.
Client Highlights
8.25.21
Wilson Sonsini Advises Spear Power Systems, Inc. in Sale to Sensata Technologies
On August 23, 2021, Spear Power Systems Inc., a leader in the development and production of advanced energy storage solutions for demanding applications in a variety of defense/aerospace and industrial applications, announced it has entered into an agreement to be acquired by Sensata Technologies, a leading industrial technology company and provider of sensor-rich solutions and insights for customers. Wilson Sonsini Goodrich & Rosati is representing Spear Power Systems in the transaction.
Since its founding, Spear Power Systems has been a leader in electrification solutions by developing next generation scalable lithium-ion battery storage systems for demanding land, sea, and air applications. The acquisition of Spear Power Systems advances Sensata’s electrification portfolio and strategy into new clean energy markets. Spear Power Systems expands on Sensata’s acquisition of Lithium Balance in battery management systems and provides energy storage solutions for OEMs and system integrators in fast-growing end markets that offer significant growth opportunities.
Since its founding, Spear Power Systems has been a leader in electrification solutions by developing next generation scalable lithium-ion battery storage systems for demanding land, sea, and air applications. The acquisition of Spear Power Systems advances Sensata’s electrification portfolio and strategy into new clean energy markets. Spear Power Systems expands on Sensata’s acquisition of Lithium Balance in battery management systems and provides energy storage solutions for OEMs and system integrators in fast-growing end markets that offer significant growth opportunities.
Client Highlights
12.18.20
Wilson Sonsini Advises ZeroAvia on $21.4 Million Series A to Accelerate Zero-Emission, Hydrogen-Fueled Planes
On December 16, 2020, ZeroAvia, a company with a mission to transition the world to zero-emission, hydrogen-fueled flight, picked up a significant tailwind as it announced $21.4 million in new funding in a Series A round. Breakthrough Energy Ventures and Ecosystem Integrity Fund led the raise, with follow-on investors Amazon Climate Pledge Fund, Horizons Ventures, Shell Ventures, and Summa Equity. Wilson Sonsini Goodrich & Rosati represented ZeroAvia in the transaction.
Client Highlights
10.12.20
Wilson Sonsini Advises Redaptive in $156.5 Million Funding
On October 7, 2020, Redaptive Inc., a leading provider of Efficiency-as-a-Service (EaaS) solutions for commercial and industrial customers, announced that it had closed $156.5 million in funding led by CarVal Investors. Existing investors CBRE, Engie New Ventures, Evergy Ventures, and Linse Capital also invested in the company alongside CarVal. Wilson Sonsini Goodrich & Rosati advised Redaptive in the transaction.
Press Releases
3.26.20
Brady Berg Rejoins Wilson Sonsini Goodrich & Rosati
PALO ALTO, CA (March 26, 2020) – Wilson Sonsini Goodrich & Rosati, the premier provider of legal services to technology, life sciences, and growth enterprises worldwide, announced today that Braden “Brady” Berg has rejoined the firm as a partner in the San Francisco office. He will be a member of the firm’s emerging companies practice.
Berg has extensive experience representing technology companies and investors in a wide variety of matters and industries. Over the course of his career, he has worked on hundreds of venture financings, M&A and other corporate transactions, including public offerings, and general corporate matters across a variety of industries, including cybersecurity, renewable energy, software, and digital media.