Business: |
We are a solar energy innovation company. (Incorporated in Spain)
We design, develop, and distribute equipment for the generation, management, and storage of photovoltaic (PV) energy. Our energy storage products are managed, from the cloud and through the inverter of the installation, by an advanced software system which is optimized by artificial intelligence (“AI”). The key advantage is that our products, compared to conventional battery storage systems, reduce electricity bills and protect the installation from power outages.
We recently launched our flagship product, the Sunbox, an all-in-one device that integrates most of the equipment for a domestic photovoltaic installation. The Sunbox is powered by AI and features a software system that monitors the generation, use, and management of photovoltaic energy through the analysis of large amounts of data related to energy generation, consumption, market prices, and weather forecasts. This AI system optimizes battery usage, reducing electricity bills and providing peak shaving and uninterruptible power supply functions.
Currently, we primarily sell inverters, batteries, and photovoltaic modules to installers and other distributors for residential consumers located in Spain. With the experience gained from our subsidiary Turbo Energy Solutions, we possess the expertise and international perspective to expand the product portfolio towards industrial and commercial scales and purposes (“C&I”), as well as expand the internationalization process that we already started.
Turbo Energy is part of the Umbrella Solar Investment Group, whose main shareholder is Crocodile Investment, S.L.U, (hereinafter, the ultimate partner), with a registered office in Valencia. The majority shareholder of Turbo Energy, S.A is Umbrella Solar Investment, S.A (hereinafter, the majority shareholder), which is part of the Umbrella Solar Investment Group.
Note: Revenue and net income are in U.S. dollars (converted from euros) for the year ended Dec. 31, 2022.
(Turbo Energy S.A. priced its micro-cap IPO on Sept. 21, 2023, in sync with the terms in its prospectus – 1.0 million American Depositary Shares (ADS) at $5.00, the low end of its $5.00-to-$6.00 price range, to raise $5.0 million.)
(Note: Turbo Energy S.A. filed an F-1/A dated Aug. 28, 2023, in which it named Titan Partners as a joint book-runner to work with Boustead Securities. Turbo Energy filed its F-1 on July 11, 2023, and disclosed terms for its micro-cap IPO: 1.0 million American Depositary Shares (ADS) at a price range of $5.00 to $6.00 to raise $5.5 million. The company submitted confidential IPO documents to the SEC on Feb. 28, 2023.)
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