ADS-TEC Energy raises $50 million in growth capital

The Nürtingen-based company ADS-TEC Energy has raised growth capital of up to 50 million US dollars (approximately 44 million euros) in a financing round. The proceeds from the issue will be paid out in two tranches – 15 million dollars will be available immediately to the charging technology provider, and 35 million dollars will be available after a controlled account has been established. The funds will be used to drive the company's strategic…