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On January 17, 2023, Forum Mobility, a zero-emission trucking solutions provider, announced the closure of a $15 million Series A funding round, and a new $400 million joint venture, both led by a fund sponsored by CBRE Investment Management, to provide comprehensive, zero-emission charging and vehicle solutions to drayage truck fleets and drivers. Homecoming Capital also participated in the Series A funding round and provided $100 million to the joint venture.
Torys acted as counsel to CBRE Investment Management with a team led by Huw Evans and that included Adam Banack, Dan Ford, Konata Lake and Delia Luca (corporate/investment), Jonathan Wiener and Rachel Goodwin (financing), Peter Keenan and Michelle Lu (tax).
Wilson Sonsini Goodrich & Rosati advised Forum Mobility with a team that includes Randy Lewis, Scott Zimmermann, Matt Bogdan, Virginia Harris, Benjamin Armuth, Kristy Strohm, Karli McConnell, Kathleen Rothman, Joe Catapano, and Rick Titcomb.
Parties
Company
Forum Mobility
Company
CBRE Investment Management
Deal Type
Joint VentureIndustry
TransportationTransaction
$ 542,071,528Deal Status
ClosedClosing Date
17 January 2023