TGS Baltic advised Starship Technologies in obtaining EUR 50,000,000 loan from European Investment Bank

14.08.2022 TGS Baltic advised Starship Technologies in obtaining EUR 50,000,000 loan from European Investment Bank

TGS Baltic acted as local Estonian counsel and advised the client on all Estonian law matters, from negotiation and finalisation of the security package for Estonia until closing of the financing.

The transaction was noteworthy due to its size, involvement of supranational lender and its cross-border element involving multiple jurisdictions. Our project team consisted of head of TGS Baltic’s Estonian B&F practice group and partner Kirsti Pent and senior associates Mirko Kikkamägi and Olger Kaelep.

Starship Technologies is revolutionising local delivery with robots and now operates in over 30 locations across the world.