Turbo Energy Raises $3.25M in Direct Offering; Shares Jump 7.8%
Turbo Energy agreed to sell 1,000,000 American Depositary Shares at $3.25 each, raising approximately $3.25 million to strengthen its balance sheet and fund expansion of its AI-driven solar energy storage solutions. Its shares rose 7.8% on Wednesday as trading volume reached roughly 3.4 million ADS, a 39% decline from the average.
1. Direct Offering Terms
Turbo Energy entered into a securities purchase agreement with a single global institutional investor to sell 1,000,000 American Depositary Shares at a purchase price of $3.25 per ADS. The registered direct offering is expected to close on or about March 13, 2026, subject to customary closing conditions, with A.G.P./Alliance Global Partners acting as sole placement agent.
2. Financing Purpose
The company intends to use net proceeds for working capital and general corporate purposes, bolstering its balance sheet to support continued expansion of its AI-optimized solar energy storage and intelligent energy management solutions. This capital infusion aligns with its strategy to scale modular energy storage systems across residential, commercial and industrial markets in Europe and the Americas.
3. Share Price Reaction
On March 11, Turbo Energy’s ADSs surged 7.8% as trading volume reached approximately 3.4 million shares, a 39% drop from the average daily volume of 5.6 million. This price movement reflects investor response to the fresh capital injection and its potential to drive growth in AI-driven renewable energy deployments.