Counsel to Raise in the context of a fundraising by Eovolt

 

Moncey Avocats assisted Raise Impact, a leading fund supporting committed entrepreneurs, in the context of a fundraising by Eovolt, a company specialising in folding electric bicycles.

Founded in 2017 by Baptiste Fullen and Luca Chevalier, Eovolt has since taken up a major technical challenge: that of producing a bike that is compat in design, not too heavy and for which 100% of the assembly is done in France.

The €11M equity financing from Raise Impact and €5M in debt from Financière Arbevel will allow Eovolt to significantly increase its production, with a target of 50,000 bikes by 2025, and to accelerate its international development, where it already achieves almost 50% of its sales.

Raise Impact was advised by a team from Moncey Avocats composed of:

• Guillaume Giuliani, partner, Valérie Colin-Simon, counsel, Alexandre Bankowski and Bonnie Brenier, associates, in corporate
• Frédéric Bosc, partner, Manon Vanbiervliet, associate, in tax
• David Malamed, partner, Jonathan Devillard and David Maréchal, associates, in financing
• Anastasia Fleury, counsel in employment law