Lewis Silkin has advised Wagonex, on its investment from Admiral Pioneer
22 September 2022
Lewis Silkin has advised Wagonex, the UK’s leading mobility subscription platform provider, on its recent strategic investment, the first from Admiral Group’s venture building business.
Wagonex, which launched in 2016, designs, builds and manages flexible, all-inclusive technology automotive subscriptions which enable vehicle suppliers to offer subscription options direct to consumers.
This investment will support Wagonex as it continues to rapidly scale in the UK with the benefit of Admiral Pioneer’s experience in scaling early-stage businesses. Wagonex has delivered more than 120 per cent of year-on-year growth as their consumer facing subscription offer gains popularity.
The Lewis Silkin cross-practice team was led by Corporate Partner, Geraint Tilsley, with support from Corporate Associates Elizabeth Cotton and Stacy Treharne, and Employment Associate, James Stables.
Commenting on the deal, Lewis Silkin’s Geraint Tilsley said:
"Congratulations to Toby Kernon and the entire Wagonex team! Everyone here at Lewis Silkin is looking forward to the next steps in Wagonex's development after this exciting game-changing investment."