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Announced

3 Aug 2024

Completed

3 Aug 2024

CATL completed the investment in Team Global-backed AutoFlight.

Synopsis

CATL, a China-based supplier of power battery systems, completed the investment in Team Global-backed AutoFlight, a global high-tech start-up advancing electric aerial vehicles for logistics and urban air mobility solutions. Financial terms were not disclosed.

Principals

target

AUTOFLIGHT

bidder

Contemporary Amperex Technology Co

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Market Context

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Seller Team (4)

tian yu

Chairman and CEO at AUTOFLIGHT

Manager

target

Deals

£ 74 M

Total Value

flora lu

Counsel at Skadden Arps Slate Meagher & Flom

Lawyer

target

Deals

£ 11.64 B

Total Value

yuting wu

Partner at Skadden Arps Slate Meagher & Flom

Lawyer

target

Deals

£ 4.22 B

Total Value

derek li

Associate at Skadden Arps Slate Meagher & Flom

Lawyer

target

Deals

£ 9.72 B

Total Value

Bidder Team (1)

zeng yuqun

CEO at CONTEMPORARY AMPEREX TECHNOLOGY CO LIMITED

Manager

bidder

Deals

£ 1.10 B

Total Value

Vendor Team (1)

lukasz gadowski

Founder and CEO at TEAM GLOBAL

Manager

vendor

Deals

£ 74 M

Total Value

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