v3.26.3
Disclosure on Individual Items of the Consolidated Financial Statements (Tables)
 6 Months Ended
Jun. 30, 2026
Disclosure on Individual Items of the Consolidated Financial Statements (Tables) [Line Items]  
Schedule of Revenue by Revenue Streams The following table presents the revenue from contracts with customers disaggregated by revenue stream:

 

Revenue by revenue streams   For the six months ended
June 30,		  
kEUR   2026     2025  
Service     4,541       4,623  
Charging     2,383       9,804  
Own & Operate     132       -  
Battery Energy Storage System     73       103  
Other     223       85  
Total     7,352       14,614  
Schedule of Cost of Goods Sold

Cost of goods sold

 

    For the six months ended
June 30,		  
kEUR   2026     2025  
Personnel expenses     5,440       5,468  
Cost of materials     4,156       12,307  
Depreciation and amortization     3,290       2,904  
Other expenses     1,313       599  
Total     14,198       21,277  
Schedule of Selling, General and Administrative Expenses

Selling, general and administrative expenses

 

    For the six months ended
June 30,		  
kEUR   2026     2025  
Personnel expenses     5,696       5,755  
Legal and consulting fees     2,522       5,004  
Administration fee     1,683       1,837  
Insurance expenses     1,176       1,208  
Marketing costs     485       760  
Depreciation and amortization     391       354  
Other expenses     3,233       3,705  
Total     15,187       18,624  
Schedule of Finance Income and Expenses

The finance income and expenses recognized in profit or loss are as follows:

 

    For the six months ended
June 30,		  
kEUR   2026     2025  
Finance income from remeasurement of warrant liabilities     13,794       24,909  
Foreign currency gains     2,956       13,833  
Income from other interest and similar income     1       1  
Finance income     16,751       38,743  
Finance expense from remeasurement of warrant liabilities     -28,898       -122  
Interest expense from shareholder loans     -786       -19,332  
Interest expense from convertible note     -       -1,633  
Foreign currency losses     -3,006       -2,450  
Interest expense from leasing     -73       -71  
Interest expense from guarantee commissions     -       -5  
Other interest expense     -       -  
Finance expenses     -32,763       -23,613  
Net finance result     -16,012       15,130  
Schedule of Other Investments and Other Assets

Other investments and other assets include the following:

 

kEUR   June 30,
2026		     Dec. 31,
2025		  
Other investments     859       6  
Other assets     137       137  
Total     996       144  
Schedule of Inventories

Inventories include the following:

 

kEUR   Jun. 30,
2026		     Dec. 31,
2025		  
Finished goods     28,260       30,950  
Work in progress     3,467       5,019  
Raw materials     44,278       42,230  
Total     76,006       78,198  

 

kEUR   Jun. 30,
2026		     Dec. 31,
2025		  
Write-downs finished goods     -9,206       -9,206  
Write-downs work in progress     -1,318       -1,318  
Write-downs raw materials     -16,664       -16,664  
Total     -27,188       -27,188  
Schedule of Issued and Outstanding Shares

The issued and outstanding shares as of June 30, 2026, and as of June 30, 2025, are shown in the table below.

 

in k units   2026     2025  
Outstanding as of Jan. 01     60,436       52,362  
Exercise of warrants     5,213       2,469  
Exercise of options     -       47  
Share based compensation     29       26  
Conversion from convertible note     -       922  
Share subscription     9,324       -  
Outstanding as of Jun. 30     75,002       55,826  
Treasury shares     80       80  
Issued and outstanding as of Jun. 30     75,082       55,906  
Schedule of Warrant Liabilities

As of the reporting date, warrant liabilities include the following:

 

kEUR   No. of warrants issued     Jun. 30,
2026		  
Public warrants     5,006,836       2,645  
Private warrants     2,773,255       3,042  
Warrants relating to shareholder loans     3,466,668       5,709  
Total     11,246,759       11,396  

 

As of December 31, 2025, warrant liabilities included the following:

 

kEUR   No. of warrants issued     Dec. 31,
2025		  
Public warrants     5,047,695       5,112  
Private warrants     2,773,255       3,061  
Warrants relating to shareholder loans     8,638,713       35,376  
Warrants relating to Convertible Note     1,827,284       11,259  
Total     18,286,947       54,808  
Schedule of Trade and Other Payables

Trade and other payables include the following:

 

kEUR   June 30,
2026		     Dec. 31,
2025		  
Trade payables     11,096       16,731  
Sales tax liabilities     421       599  
Accrued expenses     2,229       819  
Trade payables due to related parties     1,069       1,822  
Other payables non-financial     357       561  
Other payables financial     6,839       333  
Total     22,012       20,865  
Schedule of Fair Values of all Financial Assets and Financial Liabilities

The following table provides the carrying amounts and fair values of all financial assets and financial liabilities, including their levels in the fair value hierarchy.

 

kEUR   Classification   Fair value
hierarchy		   Carrying amount
Jun. 30,
2026		     Fair value
Jun. 30,
2026		     Carrying amount
Dec. 31,
2025		     Fair value
Dec. 31,
2025		  
Financial assets                                
Cash and cash equivalents   At amortized cost   n/a     4,589       4,589       6,987       6,987  
Trade receivables (current)   At amortized cost   n/a     3,472       3,472       5,289       5,289  
Other investments (non-current)   At amortized cost   n/a     859       859       6       6  
Other financial receivables (current)   At amortized cost   n/a     200       200       903       903  
Other financial receivables (non-current)   At amortized cost   n/a     26       26       25       25  
Total             9,146       9,146       13,212       13,212  
kEUR   Classification   Fair value
hierarchy		   Carrying amount
Jun. 30,
2026		     Fair value
Jun. 30,
2026		     Carrying amount
Dec. 31,
2025		     Fair value
Dec. 31,
2025		  
Financial liabilities                                
Warrant liabilities - private   FVTPL   3     3,042       3,042       3,061       3,061  
Warrant liabilities - public   FVTPL   1     2,645       2,645       5,112       5,112  
Warrant liabilities - Shareholder loan   FVTPL   3     5,708       5,708       35,376       35,376  
Warrant liabilities - Convertible Notes   FVTPL   3     -       -       11,259       11,259  
Loans and borrowings (current)   At amortized cost   n/a     15,880       15,880       48,560       48,560  
Trade payables (current)   At amortized cost   n/a     11,096       11,096       16,731       16,731  
Trade payables due to related parties
(current)		   At amortized cost   n/a     1,069       1,069       1,822       1,822  
Lease liabilities (non-current)   At amortized cost   n/a     1,286       -       1,866       -  
Lease liabilities (current)   At amortized cost   n/a     1,334       -       1,322       -  
Other payables financial (current)   At amortized cost   n/a     6,839       6,839       333       333  
Total             48,900       46,280       125,442       122,254