Freshfields is advising Volkswagen Group on its investment in, and strategic partnership and related licensing arrangements with, 24M Technologies, Inc. (“24M”). 24M is a Massachusetts-based company spun out of MIT focused on the development of lithium-ion battery technology by reducing its high cost while improving its safety, reliability, and performance.

More information on the transaction can be found here.

The Freshfields team is led by New York M&A partner Paul Tiger and associates Max Neumann and Paul Gray, with support from partner Andrea Merediz Basham along the way. Partner Mena Kaplan and associate Marissa Yu are providing IP advice. Partner Lori Goodman and associate Jordan Salzman are advising on employee benefit matters. Partner Aimen Mir and special counsel Christine Laciak advised on CFIUS. Partner Claude Stansbury is providing tax advice.

ENDS