Beam Connectivity, a connected vehicle technology solutions developer, has received strategic equity investment from advanced engineering company WAE. The deal was advised on by Corporate Partner Derek Callanan and Senior Associate Peter Raybould.
The pioneers in connected vehicle systems are aiming to capitalise on growth predictions in the industry.
Investment from WAE will allow a scale-up of Beam Connectivity’s business while building its commercial team. The investment is also expected to lead to new opportunities for both companies.
The two companies have worked together on a variety of projects before, but are now working on longer-term solutions for their customers.
Peter Raybould, Senior Associate in the Corporate team, said: “WAE and Beam Connectivity have very clearly aligned goals, and it’s been a pleasure to help bring them together. I’m excited to see what the future holds for connected vehicles now that Beam Connectivity has received this investment.”
Derek Callanan, Corporate Partner said: “To be able to help with the advancement of connected technology in this way is great – I’m pleased WAE were able to invest in Beam Connectivity, and wish them a long and happy partnership.”
Thomas Sors, CEO of Beam Connectivity, said: “The corporate team at HCR has been working with Beam Connectivity since its incorporation. We are pleased to be working with Derek and Peter, whose knowledge of the corporate landscape shows them to be experts in their field.
“They, along with the rest of the Corporate team at HCR, made the process smooth and stress-free. I’d like to thank them for their support as we move forward into this exciting new phase.”