Turbo Energy Raises $3.25 Million To Scale AI-Driven Solar Storage Solutions

benzinga_article
2026.03.12 14:34
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Turbo Energy, S.A. (NASDAQ:TURB) has announced a $3.25 million registered direct offering to fund the expansion of its AI-driven solar energy storage solutions. The company will issue 1,000,000 American Depositary Shares at $3.25 each, with the offering expected to close around March 13, 2026. Following this announcement, Turbo Energy's shares rose by 27.27% to $4.76. This move comes after a recent restructuring of bank financing to enhance financial stability and support growth in the commercial and industrial energy storage market.