Cross-border convertible note structuring with FEMA/FDI compliance for an electric mobility startup preparing for institutional capital.
XonoX E-Mobility is building within the fast-accelerating EV ecosystem, with a focus on mobility solutions and supporting infrastructure. At this stage, strategic capital decisions significantly influence regulatory permissions, downstream valuation events, and the company’s ability to attract institutional investors later.
This was the company’s first external raise, and because the capital was being contributed by foreign investors, the round needed to be structured with careful compliance under FEMA/FDI norms, conversion rights clarity, and future-round readiness.
This was not a simple “pre-seed paperwork exercise.”
We advised the founder early, ensuring the raise was technically correct, strategically flexible, and long-term compatible.
Our involvement included:
The goal was clean capital in, clean conversion later.
The round closed successfully with:
XonoX E-Mobility is now structurally positioned for larger domestic or institutional seed rounds without needing to unwind or re-paper early transactions.
In cross-border early-stage investing, the cost of structural mistakes compounds over time.
Getting the structure right at the pre-seed stage protects:
This engagement reinforces our belief:
Deal architecture across consecutive pre-seed and seed rounds — structuring for continuity, clean cap table, and long-term founder alignment.
Strategic advisory for a low-carbon hydrogen company's first institutional capital round, balancing capital needs with long-term control.
Let's discuss how we can architect your round with the same precision — from term sheet to final close.
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