EV Charging Company ADS-TEC Energy to Go Public in a $580 Million SPAC Deal

A large part of the proceeds will be used to accelerate the expansion of ADS-TEC Energy's storage solutions, charging, and energy management platforms in the U.S. and Europe

August 13, 2021

/ Harsh Shukla

/ Finance and M&A, Other,

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights

ADS-TEC Energy, a Germany-based electric vehicle (EV) charging company, has signed a definitive business combination agreement with European Sustainable Growth Acquisition Corporation (EUSG), a special purpose acquisition company, resulting in ADS-TEC Energy becoming a publicly listed company. The pro forma market capitalization of the combined company is approximately $580 million.

Continue Reading with Premium Access

Get unlimited access to in-depth analysis, exclusive interviews, and comprehensive coverage of India's renewable energy sector.

✓Unlimited article access

✓Exclusive market insights

✓Premium research reports

✓Ad-free reading experience

Loading subscription plans...

Already a subscriber? Sign In

Harsh Shukla

Comments

Get the most relevant India solar and clean energy news.

EV Charging Company ADS-TEC Energy to Go Public in a $580 Million SPAC Deal

Continue Reading with Premium Access

Comments

Get the most relevant India solar and clean energy news.

RECENT POSTS