ADS-TEC Energy Secures $50 Million for Expansion

ADS-TEC Energy has secured up to $50 million in gross proceeds from institutional investors, aimed at propelling its expansion across Europe and North America. The financing will be in the form of a senior secured convertible note due in 2028, provided in two tranches of $15 million and $35 million. This capital will support the company's transition into a full-service provider model, offering multiple revenue streams such as ultra-fast charging, energy trading, and advertising.

The company plans to use the funds to drive growth, particularly in over 300 locations across Germany, and to build sustainable, recurring revenue starting in late 2025. The full-service model includes the delivery of infrastructure projects covering installation, financing, and long-term operation.

The offering, fully subscribed, is expected to close on May 1, 2025, pending customary closing conditions. This initiative marks a significant milestone in ADS-TEC Energy's strategic goal to create lasting value for customers and shareholders alike.