Lawyer Monthly - April 2022

Acted as Legal Advisers to Kinnevik Acted as Legal Advisers to Vay Acted as Legal Advisers to Project A Lawyer Monthly Transaction Reports - Funds & Investments 100 WWW.LAWYER-MONTHLY.COM APR 2022 ABOUT THE DEAL POSSER SPIETH WOLFERS & PARTNERS has advised autonomous driving company Vay on its series B funding round. The funding round, with a total size of €85 million, was led by Kinnevik, Coatue and Eurazeo. PXR Legal also advised Vay, while Simmons & Simmons advised Kinnevik. Vay is a Berlin-headquartered company that aims to launch a driverless, certified, commercial mo-bility service on public streets from 2022. Vay enables a person to remotely drive a vehicle using its teledrive-first approach to autonomous driving. As a human is still in full control, this allows for a safe and timely rollout of driverless mobility services that users and cities trust. The POSSER SPIETH WOLFERS & PARTNERS team was led by partner Dr Benedikt Wolfers MA and associate Nils Schlenkhoff. December 2021 Vay Raises Around €85 Million fromKinnevik, Coatue and Eurazeo

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