newsfilter
← Latest News
GlobeNewswire·

Turbo Energy Strengthens Financial Position Through Long-Term Bank Financing Restructuring

  • Turbo Energy S.A. completed a bank financing restructuring to strengthen its financial position and align liquidity with its medium- & long-term business plan.
  • The company secured agreements with Bankinter, CaixaBank, & BBVA to convert existing facilities into long-term financing totaling approximately €4.87 million ($5.75 million).
  • The refinancing enhances financial flexibility to support global expansion in commercial & industrial energy storage markets, specifically in Latin America & the United States.
  • CEO Mariano Soria stated the deal reflects confidence in the company's AI-driven technology, strategy, & long-term growth prospects.
  • The new structure extends loan terms to accelerate growth initiatives in high-demand sectors including distributed energy storage, peak-shaving solutions, & on-site renewable infrastructure.
  • Turbo Energy, a subsidiary of Umbrella Global Energy, S.A., was founded in 2013 & provides proprietary AI-managed solar energy storage solutions.