Electric Vehicle
Merger / DESPAC
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NÜRTINGEN, Germany – 01, May 2025 - ADS-TEC Energy (NASDAQ: ADSE) has secured up to $50 million in growth capital from institutional investors to expand across Europe and North America. The offering is expected to close on May 1, 2025, pending customary conditions.
The funding, in the form of a senior secured convertible note due 2028, will be provided in two tranches of $15 million and $35 million. ADS-TEC Energy plans to evolve its business model to include full project delivery, covering financing, installation, commissioning, and long-term operation of charging assets, energy optimization and trading software, and digital advertising platforms.
Key Highlights:
- Secured up to $50 million from institutional investors.
- Capital to drive growth in Europe and North America.
- Expansion into a full-service provider model with multiple revenue streams.
- Exclusive projects secured at over 300 locations across Germany.
- Significant recurring revenue expected starting late 2025 into 2026.
Thomas Speidel, CEO of ADS-TEC Energy, believes this funding validates their long-term vision, enabling them to transform into a vertically integrated, full-service provider with a sustainable, recurring revenue model. Stefan Berndt-von Bülow, CFO, noted the expanded model introduces an opportunity to achieve a robust, multi-year recurring revenue structure.
The expected net proceeds of up to $47.2 million from this offering will be used for general corporate purposes, including working capital, capital expenditures, debt repayment, and potential acquisitions.