Laytons ETL’s Equity Capital Markets team advised AIM-quoted Invinity Energy Systems Plc (IES), in relation to a conditional fundraising of £25 million (before expenses). IES entered into conditional subscription agreements with two new investors, Atri Energy Transition Private Limited (“Atri”) and Next Gen Mobility Limited (“Next Gen”).
The fundraising is subject to certain conditions including IES shareholder approval and in relation to Atri having obtained all necessary regulatory approvals in India for outbound foreign investment. The Subscription Agreements for each of Atri and Next Gen are not conditional on each other. Therefore, in the event that Atri does not receive the necessary regulatory approvals in India and all the conditions set out in the Subscription Agreement relating to Next Gen are satisfied, the investment by Next Gen will proceed to completion. IES has convened a shareholder meeting to be held on 29 September 2025.
Invinity Energy Systems Plc is a leading global manufacturer of utility-grade energy storage. Read more here.
More details about the transaction can be found here.
Our Equity Capital Markets team was led by Joan Yu (Partner and Head of Corporate) and supported by Coral Yu (Senior Associate) and Cameron Sutton (Associate).
