Client
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Beam Mobility Holdings Pte. Ltd.
(“Beam”)
Investor group
Lead investor(s):
- Affirma Capital
Follow-on investor(s):
- Alumni Ventures
- EDB Investments
- Hana Bank
- ICT Capital
- Partech
- RTP Global Investments
- Sea Frontier Fund
- Sequoia Capital
- SMRT Ventures
- Translink Capital
Transaction summary
Deal value
USD93m
Transaction highlights
- Largest capital raise in the micromobility sector in ASEAN
- Investment structured as a mix of equity and convertible notes to maximise valuation and quantum
- 2-stage closing enabling Company early access to funds while awaiting regulatory approvals
- Fund raise executed in an extremely challenging market environment with Covid-19 related restrictions materially impacting operating and financial metrics
Completion
May-22
Client description
- Beam is the leading shared, micromobility solutions provider in Asia-Pacific with >30k deployed vehicles
Beam offers consumers multiple vehicle types (e-scooters, e-bikes and e-mopeds), depending on local preferences and regulations
Beam currently operates in 35 cities across 5 Asia-Pacific countries (Malaysia, Thailand, South Korea, Australia and New Zealand)
Redpeak role
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Sole financial advisor to Beam on the fund raise
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Structured the investment and key investment terms to meet client objectives while maximising total Series B capital raised
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Successfully positioned Beam as an attractive investment opportunity, leveraging favourable industry themes such as sustainability, carbon neutrality, technological advancements and product-market fit
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Hands-on approach coupled with deep experience in tech capital raises facilitated a swift and seamless process
