Harbottle & Lewis has advised Dynamon, a UK-based software company that specializes in developing advanced data analytics and simulation tools for commercial transport and logistics companies, on its £4m investment from bp ventures. The funding forms part of Dynamon’s Series A round, being raised to fully commercialize and scale up its platform and expand its operations in Europe and into North America.
With an expanding selection of EVs and more options for charging infrastructure, researching and trialling every possible solution is both time intensive and costly. Dynamon’s software and analysis tools are deployed in many countries, and help businesses understand actions they can take to help decarbonize their fleets cost-effectively, improving research and trial time.
Dynamon’s flagship software ZERO also helps to address these issues by developing solutions that could save energy and capital investment costs, including calculating the best options for adoption through planning for vehicles, charging infrastructure, energy costs, and operations analysis.
Tony Littner and Tom Macleod, Partners in Harbottle’s Startup and Venture Capital Group advised Dynamon on the transaction.
Tony Littner commented:
“Dynamon’s mission is to bring the most advanced fleet optimization tools to the transport industry. We are delighted to have been able to support them on their exciting partnership with bp and eager to see the next steps on their journey.”
On working with Harbottle, Angus Webb, CEO of Dynamon, said:
“It was a pleasure working with Harbottle & Lewis for our Series A. The team brought extensive experience in venture funded technology deals alongside an impressive efficiency in the preparation of the legal documents.”