Turbo Energy (NASDAQ: TURB), a company engaged in the design, development and production of equipment for the generation, management and storage of photovoltaic (“PV”) energy, has announced that its American Depository Shares (“ADSs”) will commence trading today on the Nasdaq Capital Market under the ticker symbol TURB. “Listing our shares on Nasdaq through our initial public offering is a great milestone for Turbo Energy, S.A., as it provides an excellent global platform to accelerate our mission to serve our customers by offering advanced products that reduce electricity bills and protect the installation from power outages,” said Enrique Selva Bellvis, chairman and CEO of Turbo Energy. “The use of proceeds from our initial public offering will allow us to achieve greater competitive advantages and facilitate growth while building our strong market position in the renewable energy sector. We plan to introduce innovations that improve products in energy efficiency, manufacturing costs, assembly and configuration time reduction, while also modernizing our software and expanding geographically into new markets.”
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About Turbo Energy S.A.
Turbo Energy is a designer, developer and manufacturer of equipment for the generation, management and storage of photovoltaic (“PV”) energy. The company’s energy storage products are managed, from the cloud by an advanced software system, which is optimized by artificial intelligence (“AI”). The key advantage is that its products, compared to conventional battery storage systems, are focused on reducing the electricity bill in addition to protecting from power outages. Turbo Energy’s flagship product, the Sunbox, is an all-in-one device that integrates most of the equipment for a domestic photovoltaic installation. Designed as a plug & play product, it only has to be connected to the photovoltaic panels and the home. 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. For more information, please visit the company’s website at: www.Turbo-e.com.
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