German charging infrastructure company ADS-TEC Energy said it has raised up to $50 million in growth capital from institutional investors to expand its operations across Europe and North America.
The Nürtingen-based company will receive the investment through a convertible bond maturing in 2028, issued in two tranches of $15 million and $35 million. ADS-TEC did not disclose the identity of the investors involved in the transaction.
The company, known for its battery-backed ultra-fast charging technology, said it plans to use the capital to transform its business into a vertically integrated, full-service provider. This includes the addition of services such as energy trading, digital advertising, and a broader project management offering for commercial clients.
“Until now, ADS-TEC focused on supplying our proprietary ultra-fast charging technology to B2B customers like oil and gas companies, retail chains, and fleet operators,” said Stefan Berndt-von Bülow, CFO of ADS-TEC Energy. “Our expanded model introduces an opportunity to achieve a robust, multi-year recurring revenue structure that enhances visibility, predictability, and overall financial strength.”
ADS-TEC said it aims to provide customers with a comprehensive solution that includes financing, installation, commissioning, and long-term operation of its charging platforms. It expects this strategy to deliver “significant recurring revenue starting late 2025 into 2026.”
CEO Thomas Speidel called the investment “a strong validation” of the company’s long-term strategy. “We expect to deploy these proceeds in a manner that will allow us to take a significant step forward in transforming our business into a vertically integrated, full-service provider,” Speidel said. “Not only expanding our physical footprint—but building a sustainable, recurring revenue model with long-term value for our customers and shareholders.”
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ADS-TEC also said it is working on a pipeline of over 300 locations in Germany where it anticipates deploying its ChargePost platform under exclusive agreements. The company’s updated approach targets key sectors including supermarkets, DIY stores, and petrol stations.