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CHSH Advises Speedinvest on iMobility Foundation and Sale

CHSH Advises Speedinvest on iMobility Foundation and Sale

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CHSH Cerha Hempel Spiegelfeld Hlawati has acted as legal advisor to the Austrian venture capital fund Speedinvest on matters related to its joint venture ownership of iMobility GmbH, stretching from the foundation of the joint venture with partner OBB-Holding AG up to the recent acquisition by OBB-Holding of Speedinvest's shares, which leaves OBB-Holding as sole owner.

Founded in 2015, iMobility was the developer of the "wegfinder" mobile app, which plans routes within Austria by using a newly developed routing algorithm to combine various individual means of transport with public transport services. Among others, OBB, CAT, Westbahn, Helloo Fernbusse, Car2Go, Taxi 40100, Uber, and Citybike are all integrated into the app. The app provides the user with departure times and shows the available means of transport in the surrounding area that can be booked or rented on a map. In addition, bookings can be made and tickets purchased via the app.

Speedinvest was advised by Attorney Sarah Wared and Associate Alistair Heschl-Gillespie.