PPU assists Awto in Series A financing round
PPU Legal’s Venture capital/Tech team has advised Awto on a Series A financing round
Philippi Prietocarrizosa Ferrero DU & Uría, through its Venture capital/Tech team has assisted Awto in its Series A financing round to enter the Brazilian and Colombian markets. PPU had previously advised Awto (Karsharing SpA) in the creation of a corporate structure to develop its business.
Juan Pablo Wilhelmy, partner at PPU, stated that “t is a company we have walked with since the very beginning, and with this financing round it is looking to enter the markets in Brazil and Colombia to consolidate its position in Latin America”.
Awto is the continent’s first car-sharing service, designed to solve mobility and transport problems throughout Latin America. It currently operates in Chile and Argentina. Awto is the result of an acceleration centre developed by Kaufmann Ventures -the corporate venture capital arm of the Kaufmann Group- and Guill Mobility Ventures. It has a fleet of more than 450 vehicles, more than 35,000 registered users, 1,800 new monthly users and an occupancy rate of 17%, available 24×7.
PPU’s team was led by associates Nicolás Santana (pictured top left) and Carlos Larraín (pictured bottom left), together with partner Juan Pablo Wilhlemy (pictured right).
