EUR 30 million Series A round of financing: CMS advises Lennertz & Co. on investment as lead investor in pepper motion

Hamburg – pepper motion GmbH has successfully completed a Series A round of financing worth almost EUR 30 million. The company describes itself as the first digital OEM worldwide to develop innovative solutions for the electrification of new and used commercial vehicles such as trucks used in distribution, buses for public transport and municipal vehicles. Hamburg-based family office Lennertz & Co. invested in pepper as lead investor as part of the financing round. The Würth Group also became a shareholder in the company as a strategic investor. Founding investor Friedrich & Wagner Holding also made a further investment and remains the majority owner of the company.

A CMS team headed by lead partner Dr Jacob Siebert provided legal advice to a fund advised by Lennertz & Co. as lead investor, covering all legal aspects of its investment during the financing round.

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