- BELGRAVIA & CO., an international and independent M&A and Corporate Finance advisory firm with offices in Cologne and New York City, exclusively advised stock-listed VOLTABOX AG, on securing a stake in fleet management start-up ForkOn („ForkOn“, www.forkon.de), an innovative supplier of fleet management systems for forklifts, in a pre-Series A financing round.
- ForkOn offers a cloud-based and manufacturer independent fleet management system. ForkOn’s software makes forklift truck fleets more efficient, enabling customers to save up to 25% of their current costs. In addition, the ForkOn software digitizes and automates daily work processes.
- VOLTABOX and ForkOn have been cooperating since spring 2019. Since the end of October 2019, joint solutions from VOLTABOX and ForkOn have been in pilot use for the first time in fleet vehicles. ForkOn aims to further develop and expand its product range for the logistics market. The expansion of the current product portfolio is intended to further advance the internationalization of the start-up. This will also enable VOLTABOX to achieve a greater range for the sale of its lithium-ion battery systems.
- The parties have agreed not to disclose the purchase price. BELGRAVIA & CO. acted as exclusive M&A advisor to VOLTABOX on this transaction.
About VOLTABOX AG
Voltabox AG (ISIN DE000A2E4LE9), which is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange, is a rapidly growing system provider for e-mobility in industrial applications. Its core business lies in intrinsically safe, highly developed high-performance lithium-ion batteries that are modular and in serial production. The battery systems are primarily used in buses for public transportation, forklifts, automated guided vehicles and mining vehicles. The company also develops and produces high-quality lithium-ion batteries for select mass-market applications, such as high-performance motorcycles and pedelecs.Voltabox has production sites at its headquarters in Delbrück, Germany, in Austin (Texas, USA), and in Kunshan, China, as well as development sites in Aachen and Markgröningen, Germany. www.voltabox.ag/en/
About BELGRAVIA & CO.
BELGRAVIA & CO. is an independent middle-market M&A and Corporate Finance advisory firm headquartered in Cologne/Germany. The Company is committed to serving middle-market companies, corporations, partnerships, entrepreneurs and institutions with strategic portfolio decision support, financial advice on mergers, acquisitions, financings and capital raisings. From offices in Cologne/Germany and New York, BELGRAVIA & CO. serves a wide range of clients looking for unconflicted advice and assistance on their most important strategic issues. www.belgravia-co.com/en.html