InoBat and Cartesian Growth Corporation II Announce Business Combination Agreement to Accelerate Expansion of Battery Energy Storage Systems
• InoBat has contracted or delivered 875 MWh of utility-scale battery energy storage systems (“BESS”) across Europe.
• InoBat is positioning its platform to support the rapidly growing power demand from AI infrastructure and hyperscale data centers. • Business combination connects leading European manufacturer with Nasdaq and US institutional capital.
• Combination provides $77.5 million in a committed PIPE and has no further cash conditions.
• Combination values InoBat at $1.265 billion (~€1.1 billion) on a pre-money, pre-merger basis, including strategic- and EBITDA-based earnouts.