Azelio AB (publ) has carried out a fully guaranteed preferential rights issue of approximately SEK 300 million.
Azelio specializes in energy storage with electricity and heat production. The technology is revolutionary in that the energy becomes dispatchable, making renewable energy available around the clock. The energy is stored in recycled aluminium from which it is converted into electricity and heat with a total efficiency of up to 90 percent. The solution is scalable, sustainable, and cost-efficient from 0.1 MW up to 20 MW. Azelio has its headquarters in Gothenburg, production in Uddevalla and development centers in Gothenburg and Åmål, presence in Stockholm, as well as regional managers for Australia, the USA, southern Africa and the MENA region.
Carnegie Investment Bank AB and Pareto Securities AB acted as Joint Global Coordinators and Bookrunners. Baker McKenzie acted as legal advisor to Carnegie and Pareto with a Capital Markets team consisting of Joakim Falkner, Olof Larsson and Sophie Gidlund.