We have advised “CarVertical”, a technology company, on a share-option scheme for employees. The firm’s team drafted all documents related to the transaction and advised the client on tax issues.
“CarVertical” is a Lithuanian company that provides the most up-to-date and complete information about cars based on their VIN number. “CarVertical” is based on blockchain technology and currently holds data on more than 50 million damaged vehicles in various European countries and North America. The company collaborates with BMV Group, advisors from Tesla, FIAT, General motors and other automotive companies. In 2019, “CarVertical” has been selected by the European Commission’s Enterprise Europe Network (EEN) as one of the top five European start-ups.