Beijing E-Town International Investment & Development Co., Ltd. ("E-Town Capital") was established in 2009. It is a state-owned capital investment and operation company that promotes industrial development, and scientific and technological innovation in Beijing. Its main subsidiaries include Beijing E-Town International Industrial Investment Management Co., Ltd., Beijing E-Town International Automobile Investment Management Co., Ltd., E-Town International Holding (Hong Kong) Co., Ltd., Beijing E-Town International Financing Guarantee Co., Ltd., Beijing E-Town International Financing Leasing Co., Ltd., and Beijing Tongming Lake IT City. The company focuses on the pillar industries of new generation information technology, biotechnology and big health, new energy intelligent vehicles, robotics and smart manufacturing.
Mavel Technology Group ("Mavel") was established in 1999 by a team of creative scientists. The core team members came from renowned automotive companies such as Jaguar Land Rover, Mercedes-Benz and BMW. For over 24 years, Mavel has been dedicated to the research and development of high-speed, high-power density electric drive systems. The lead investor in its Series A financing was NIO Capital. Mavel Technology Group established its China headquarters in the Beijing Economic-Technological Development Area. This round of financing will further consolidate its leading position in electric drive technology and promote the mass production and global implementation of next-generation core technologies for new energy vehicles.
JunHe assisted in preparing the investment materials for discussions at meetings and carried out continuous communication, discussion, and coordination regarding the establishment of E-Town Capital's Hong Kong subsidiary, the offshore investment structuring, the bilingual investment agreement, the shareholders' agreement and other offshore investment documents, as well as closing the related matters. The JunHe team conducted multiple rounds of intensive negotiations with Mavel and its existing strategic investors and shareholders represented by NIO. By leveraging its extensive experience in cross-border transactions and offshore investment projects, as well as its professional and meticulous legal services, JunHe secured favorable terms for E-Town Capital and assisted with the successful contract signing and closing. The diligent and efficient services provided by the JunHe team received high praise and recognition from the client and the counterparty.
Partners XIE, Zheng and LU, Xiaonan led the JunHe team, and partner Phyllis Xu was responsible for the specific work.