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Peregrine Law acts for Tonik Energy on £10 million capital investment

Peregrine Law acts for Tonik Energy on £10 million capital investment

Peregrine Law was delighted to act for new client Tonik Energy recently on its £10 million investment from Japanese multinational firm, Mitsui & Co.

Tonik Energy is an award-winning supplier of renewable energy with a vision to power the home of the future. Tonik combines new technologies and innovative strategies to power homes in cheaper, greener and more sustainable ways. The firm has recently launched its first 100% renewable electricity tariff and supplies around 100,000 customers.

Japanese firm Mitsui & Co. is an experienced investor in the power and mobility sectors and has invested in Tonik as part of its plans to expand its global downstream business and services in the gas and power sectors. Mitsui & Co is one of the largest Japanese investment firms and is committed to building a sustainable future. 

In its latest fundraiser, Tonik Energy received over £13 million to help launch its combined affordable energy supply with renewable energy saving technologies, including battery storage, solar power and electric vehicles.

The Peregrine team led by Nigel Clark was introduced to Tonik by LegalEdge and we worked alongside LegalEdge throughout the investment.  Ashurst acted for Mitsui & Co.