Aspring Capital Acted as Exclusive Financial Advisor to the Owners of "Beri Zaryad!" in its Sale to Yandex
December 27, 2024, Moscow – Aspring Capital acted as the exclusive financial advisor to the owners of "Beri Zaryad!", Russia's largest power bank rental service, in its sale to Yandex. This landmark transaction marks the country's first major strategic deal following the company’s pre-IPO capital placement.
Beri Zaryad! has emerged as the fastest-growing power bank rental network outside of Asia. With over 70% market share, the company has consistently doubled its revenue in recent years. Its network spans more than 200 cities across Russia and three CIS countries, featuring over 40,000 charging stations and serving 6 million users.
Yandex, one of Russia’s leading technology companies, has been actively expanding its Yandex GO super-app. This app integrates a wide range of lifestyle services, from ride-hailing and scooter sharing to food and grocery delivery.
“In just two years, Beri Zaryad! has transformed from a venture project into a stable and highly sought-after technology service,” said Anton Fedotov, Vice President of Aspring Capital. “The company has consistently attracted attention from strategic investors looking for assets that can enhance and support their broader ecosystem. Closing the deal with Yandex required innovative structuring solutions to maximize value for all shareholder groups, including minority investors who believed in the company and participated in its pre-IPO round.”
Link to the official press release