Our Capital Markets team has advised Aurrigo International plc (Aurrigo) on its recent fundraising, which raised gross proceeds of approximately £14.1 million. The funds raised will be used to build multiple show demonstrator vehicles, expanding the company's software, engineering and deployment teams and the relocation to larger facilities with an increased design and manufacturing capacity.

Aurrigo are an autonomous vehicle technology company based in Coventry and carried out the fundraise via a Placing, Subscription and WRAP retail offer, with a significant strategic investor coming on board.

Gowling WLG advised Aurrigo on its admission to AIM in 2022 and a series of subsequent fundraises.

The team advising the latest fundraise was led by Partner Davey Brennan, with support from Legal Director Susan Johnstone and Associate Anna Plenderleith.

Davey Brennan said: "We're really pleased to have supported Aurrigo once again on its journey. This funding will provide the additional boost to expand operations and enable the business to move forward with their development plans".

Gowling WLG's Capital Markets team is recognised as one of the leading practices in London. With wide ranging experience, the team acts for both companies and investment banks on IPOs, secondary fundraisings and public takeovers, as well as advising on ongoing compliance and corporate governance issues.