U.K.-based private capital firm Bregal Milestone invested an undisclosed amount in Austrian electronic-mobility specialist Greenstorm Mobility GmbH through its €400 million fund backing European growth companies.

The partnership with Bregal is expected to help Greenstorm expedite its growth, broaden its geographic presence and expand its e-commerce offering.

Greenstorm provides electronic bikes and other e-mobility services to about 1,000 hotels, corporates and retailers in central Europe. Bregal Milestone is backed by Bregal Investments Inc.

Reed Smith and Eisenberger & Herzog were legal counsel to Greenstorm, while Shearman & Sterling, Dorda Rechtsanwälte, EY, Deloitte and OC&C Strategy Consultants advised Bregal Milestone on the transaction.