Cactos Oy – EUR 26 million financing round for Cactos Fleet Finland LP
We acted as the legal counsel to Cactos Oy in connection with its EUR 26 million financing round for Cactos Fleet Finland LP.
We acted as the legal counsel to Cactos Oy, a company specialising in smart energy storage systems, in connection with its financing round where it successfully secured EUR 26 million in capital contributions dedicated to fostering the growth of Cactos Fleet Finland LP’s electric storage portfolio. The anchor investors in this financing round included OP Suomi Infra Ky, managed by OP, and Ilmastorahasto Oy. The financing round enables the large-scale implementation of smart electricity storage systems within Finland. Cactos Fleet Finland LP aims to raise a total capital of EUR 70 million, with a balanced distribution between debt and capital contributions. The investment period continues for approximately two years, during which the entirety of the capital will be invested in smart electricity storage systems throughout Finland.
Cactos Oy, established in 2021, specialises in smart energy storage systems that play a critical role in securing electricity supply locally and in enabling the efficient use of renewable energy globally. With the cloud service of Cactos energy storage systems, energy is stored or released to the grid based on the consumption and prices. Cactos’ energy storage systems are manufactured in Muhos, and the storages are actively utilised across various regions in Finland.
For more details on the financing round, refer to the press release of Cactos available here.