ADS-TEC Energy GmbH

European Sustainable Growth Acquisition Corp. (Nasdaq: EUSG) is a blank-check company that completed its merger with ADS-TEC Energy GmbH, a Nürtingen, Germany-based developer of battery-buffered ultra-fast electric vehicle charging systems. The SPAC went public in 2021 and focused on the clean energy sector, targeting companies advancing sustainable infrastructure in Europe. ADS-TEC Energy, founded by Thomas Speidel, produces StoraXe-based charging platforms that deliver high-speed EV charging at grid-constrained locations. The business combination was announced in August 2021 and has since closed, bringing ADS-TEC Energy onto the public markets. Sign up on SpacDesk for full deal data, timelines, and analytics on EUSG and the broader SPAC universe.

SPAC Counterparty (1)