Perpetual V2G Systems Raises USD0.4 Million in Venture Financing

Published: Aug 22 2017
Deal Summary

Perpetual V2G Systems Ltd., a developer and manufacturer of lithium power supply off grid refrigeration and power solutions, has raised GBP0.3 million (USD0.4 million) in a venture financing round. The finance was provided by Finance Wales Group and other existing shareholders.

As part of the transaction, Finance Wales converted approximately GBP0.5 million (USD0.64 million) loan to equity.

Geldard’s LLP acted as advisor for Finance Wales, while and Capital Law LLP acted as advisor for Perpetual V2G Systems and other shareholders.

The company intends to use the proceeds for its growth plan.

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