EY advises Umbrella on partnership with Zouk Capital for e-mobility expansion
EY Abogados has successfully advised Umbrella Global Energy in the investment by Zouk Capital in its subsidiary Zero Carbon E-Mobility, the group´s EV charging platform.
Zouk Capital will drive the expansion of the EV fast-charging infrastructure in Spain with an initial €15 million investment committed for 2025. Zouk will thus obtain a 60% stake in Umbrella e-mobility.
So far, Umbrella e-mobility has installed more than 100 fast chargers in strategic locations throughout Spain, after reaching agreements with major retailers such as the Valencian supermarket chain Masymas or the self-storage company BlueSpace. In addition, following its Business Plan, it is expected to exceed 1,000 operational charging points by 2028, operating exclusively with renewable energy.
The legal team was led by Susana Gómez Badiola (partner) and Ignacio Sevilla (senior manager) with the support of Miguel Borrás (senior) members of the Corporate, M&A and Private Equity team.
