ADS-TEC Energy, a provider of battery buffered ultrafast charging technology, went public via a SPAC merger with European Sustainable Growth Acquisition, a publicly traded special purpose acquisition company, in a $580m deal. The merger was supported by a $156m PIPE investment from Invesco, APG, Swedbank Robur, Bosch and Polar Structure. "ADS-TEC Energy is now well positioned to expand the development and deployment of our battery-buffered technology platforms throughout European and US markets. We have already delivered hundreds of battery-buffered ChargeBox platforms, and are rapidly expanding our reach to meet the ever-growing need for ultra-fast charging capabilities and deliver charging speeds that would otherwise not be possible everywhere on existing grids," Thomas Speidel, ADS-TEC Founder and CEO.