Blenheim is proud to have advised its client Bob Eco Limited (Bob Eco | Bobcoin) and assisted with its conclusion of a US$100 million private coin offering to the $3.4 billion New York-based private alternative investment groupย The Global Emerging Markets Group (GEM), who was advised by Gibson, Dunn & Crutcher LLP.

Bob Eco will use the capital injection flowing from this transaction to expand its fleet of affordable, high quality electric motorcycles, e-tuktuks, and e-bicycles and to make them available throughout even more cities globally, furthering its mission to help to bring the worldโ€™s emerging markets towards a carbon neutral future. It will also allow the company to invest in marketing activities, as well the roll-out of its cryptocurrency platform activities.

According to Bob Eco’s chief executive officerย Bob Ultee, this investment will help Bob Eco to get even closer to the companyโ€™s goal of creating a future in which transportation is both economical and free of carbon emissions.

This transaction, structured as a Dutch law token subscription facility, is one of the first of its kind in the Netherlands. Blenheim congratulates GEM and Bob Eco on this ground-breaking deal.

Click hereย to learn more about our Amsterdam, The Netherlands member firm Blenheim.