Skip to main content

Clifford Chance

Clifford Chance

News and awards

Clifford Chance advises Abrdn on its investment into a series B funding round for micro-mobility company Dott

2 February 2022

Clifford Chance advises Abrdn on its investment into a series B funding round for micro-mobility company Dott

International law firm Clifford Chance has advised Aberdeen Asset Managers Limited ("Abrdn") on its direct investment into micro-mobility company amTransit B.V (commonly known as "Dott").

Dott is a leading European micro-mobility company, operating a fleet of over 40,000 electric scooters in nine countries across Europe, and was among the first micro-mobility companies to be approved for e-scooter trials across the UK.

Abrdn led the company's latest funding round alongside existing investor Sofina. The investment highlights a focus on Abrdn's search for sustainable investment opportunities. Other existing investors including EQT Ventures, Naspers and Prosus Ventures also participated in the round.

Clifford Chance advised Abrdn on all legal aspects of the investment including support on due diligence, tax/structuring, transaction documentation and governance arrangements. Abrdn, is a longstanding Clifford Chance client for which the team has a track record of supporting its work in the funds, co-investment and secondaries markets. This project marks a team expansion with Abrdn, into direct investments with a sustainability focus.

The Clifford Chance team comprised Christopher Sullivan, Oliver Marcuse and Genevieve Edye in corporate and Richard Kalaher and Laura Underhill in tax.