Global law firm White & Case LLP has advised electric commercial vehicle company VIA Motors International, Inc. on its acquisition (in an all-stock merger valued at up to US$630 million) by Ideanomics, Inc., a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption.
VIA Motors is a leading electric commercial vehicle company with proven advanced electric drive technology, delivering sustainable mobility solutions for a more livable world. VIA designs, manufactures and markets electric cargo vans, trucks and buses for short-and middle- delivery, utilizing a scalable and flexible electric skateboard platform, along with a modular body approach that enables a capital-light single design for its platforms, drive systems and vehicle models. VIA's intellectual property portfolio extends to proprietary software and control systems featuring embedded diagnostics and telematics to significantly improve fleet operating costs, uptime, and routing for superior life cycle economics.
The transaction is subject to regulatory approval, Ideanomics shareholder approval, and other customary closing conditions.
The White & Case team that advised on the transaction was led by partners Bill Parish and Rodrigo Dominguez Sotomayor in Houston, and included associates Kabir Phaguda and Sadi Moradi (M&A) in Houston; partner Jason Rocha (Capital Markets) in Houston; partner Victoria Rosamond and counsel Aaron Feuer (Employment, Compensation & Benefits) in New York; partner Taylor Pullins (Environmental) and counsel Michael Rodgers (Tax) in Houston; partners Arlene Hahn and Andres Liivak in New York, and Charles Larsen (Intellectual Property) in Boston.
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