EV Motors Boosts Business Plan with Listing on BME Growth

Cuatrecasas has advised EV Motors, a comprehensive solutions provider for the automotive industry, on its listing in the BME Growth segment of the multilateral trading facility BME MTF Equity. The law firm also assisted EV Motors with the prior transactions, shareholders agreements and private placements among numerous investors to increase the company’s share distribution.

The EV Motors board of directors decided on an initial price per share of €6.88, placing the company’s total value at €329 million. In its first trading session, the company closed the day with a 22.8% increase up to €8.45 per share, exceeding the €400 million capitalization. The listing of EV Motors on BME Growth will enable the company to access new financing methods to stimulate organic and inorganic growth, gain visibility and strengthen its brand, professionalize its management, and offer its shareholders liquidity; all this in a market focused on SMEs in innovative sectors, with access and permanence requirements adapted to its needs.