Forum Mobility, CBRE Investment announce US$400 million joint venture, US$15 million funding round

Company

Forum Mobility

Law Firm / Organization
Wilson Sonsini Goodrich & Rosati

Company

CBRE Investment Management

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.

Joint Venture
Transportation
$ 542,071,528
Closed
17 January 2023