TGS Baltic advised VOOL, a start-up developing a complete electric car charging solution, on raising 1,7 MEUR investment. The investment round included leading Estonian venture capital investors as well as various known angel investors, including the former President of Estonia, Kersti Kaljulaid.
VOOL’s smart grid solution uses the existing grid three times more efficiently. It doesn’t provoke an overload and is capable of providing reliable and cost-efficient charging for both business and private customers. The funding will be used to expand the team and ramp up the production of its chargers and expand its reach into new European markets.
TGS Baltic team advising VOOL consisted of partners Kirsti Pent and Kadri Kallas and senior associate Mirko Kikkamägi.
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