Foley Represents Galway Sustainable Capital in Investment in Hive Technologies

Foley & Lardner LLP represented ESG investor Galway Sustainable Capital (“GSC”) in its investment in Hive Technologies, Inc. (“Hive”), the startup that is both disrupting access to electric vehicles (EVs) with a gas car cost parity solution and unlocking the full carbon benefit of EVs. GSC represented a substantial portion of Hive’s latest $30 million in new funding to expand its fleet and lower barriers to EV adoption and ownership, starting with those participating in the gig economy.

GSC’s capital will be used for both acquiring vehicles as well as corporate equity as Hive looks towards significant growth in 2022. The investment accelerates Hive’s vision to ensure that future generations benefit from cleaner air quality by expanding affordable access to EVs and charging infrastructure.

GSC is a private equity-backed specialty finance company that invests in companies that accelerate the transition to greater resilience and sustainability. The company’s investment themes include renewable and distributed energy, efficiency and green buildings, circular economy solutions, sustainable agriculture land and water, carbon markets, and socially responsible credit. GSC is a long-term buy-and-hold investor that partners with experienced entrepreneurs and developers to grow profitable, sustainable businesses.

The Foley team was led by Partner Darin Lowder, with support from Senior Counsel Annie Tsai, Of Counsel David Weisblat, and colleagues from Foley’s Automotive group.

About Foley & Lardner LLP

Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With approximately 1,100 lawyers in 25 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.