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EO Charging, a Leader in Electric Vehicle Fleet Charging, to Become Publicly Listed Via Merger with First Reserve Sustainable Growth Corp

Vinson & Elkins advised First Reserve Sustainable Growth Corp. in a business combination agreement with Juuce Limited, which trades as EO Charging (“EO”), a leading provider of technology-enabled turnkey solutions for electric vehicle fleets, that would result in EO becoming a publicly listed company.

The transaction implies a pro-forma enterprise value of the combined company of $675 million and is expected to provide $222 million in gross proceeds assuming no redemptions by FRSG’s public stockholders.

The V&E corporate team was led by partner Ramey Layne and senior associate Robert Hughes, with assistance from senior associate Bo Shi and associates Jameson Miller, Lawrence Nelson, Layton Suchma, Travis Ewing, Maria Black and Shumaila Dhuka in the U.S., and partner Lucy Jenkins and senior associate John Hughes in the U.K. Also advising were partners Jim Meyer, Jason McIntosh and Natan Leyva, counsel Andrew Callaghan and associate David Gilbert; partner Devika Kornbacher and associate Briana Falcon; partner Sean Becker and counsel Martin Luff; counsel Julia Petty and associate Mary Daniel Morgan; partner Matthew Dobbins and associate Simon Willis; partner Hill Wellford and senior associate Ryan Will; partner Randy Jurgensmeyer and associate Joe O’Connell; and counsel Sarah Mitchell.

About Vinson & Elkins
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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