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Mar 12, 2026 12:00 PM

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

Turbo Energy, S.A. (NASDAQ:TURB) stock rose Thursday after the company announced a registered direct offering of 1,000,000 American Depositary Shares at a price of $3.25 per share.

This financing aims to strengthen the company’s balance sheet. The company also aims to support the expansion of its AI-driven solar energy storage and management solutions.

Turbo Energy expects the gross proceeds from this offering to be around $3.25 million before deducting placement agent commissions and ...