v3.26.1
Disclosure on Individual Items of the Consolidated Financial Statements (Tables)
 6 Months Ended
Jun. 30, 2025
Disclosure on Individual Items of the Consolidated Financial Statements [Abstract]  
Schedule of Revenue from Contracts with Customers Disaggregated by Major Products The following table presents the revenue from contracts with customers disaggregated by product types:
Revenue by product types   For the six months ended
June 30,		  
kEUR   2025     2024  
Charging     9,804       76,550  
Commercial and industrial     103       1,043  
Service     4,623       1,581  
Other     85       88  
Total     14,614       79,263  
Schedule of Cost of Goods Sold

Cost of goods sold

 

    For the six months ended
June 30,		  
kEUR   2025     2024  
Cost of materials     12,307       54,023  
Personnel expenses     5,468       5,734  
Depreciation and amortization     2,904       2,982  
Other expenses     599       851  
Total     21,277       63,590  
Schedule of Selling General and Administrative Expenses

Selling, general and administrative expenses

 

    For the six months ended
June 30,		  
kEUR   2025     2024  
Personnel expenses     5,755       5,632  
Legal and consulting fees     5,004       2,559  
Administration fee     1,837       1,821  
Marketing costs     760       728  
Insurance expenses     1,208       1,344  
Depreciation and amortization     354       464  
Other expenses     3,705       3,335  
Total     18,624       15,883  
Schedule of Finance Income and Finance Costs Recognized in Profit or Loss

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

 

    For the six months ended
June 30,		  
kEUR   2025     2024  
Finance income from remeasurement of warrant liabilities     24,909       -  
Foreign currency gains     13,833       -  
Income from other interest and similar income     1       23  
Finance income     38,743       23  
Finance expense from remeasurement of warrant liabilities     -122       -34,667  
Interest expense from shareholder loans     -19,332       -4,662  
Interest expense from convertible note     -1,633       -  
Foreign currency losses     -2,450       -  
Interest expense from leasing     -71       -99  
Interest expense from guarantee commissions     -5       -9  
Finance expenses     -23,613       -39,437  
Net finance result     15,130       -39,414  
Schedule of Inventories

Inventories include the following:

 

kEUR   Jun. 30,
2025		     Dec. 31,
2024		  
Finished goods     16,372       15,245  
Work in progress     10,564       9,402  
Raw materials     45,271       53,010  
Total     72,207       77,657  

 

kEUR   Jun. 30,
2025		     Dec. 31,
2024		  
Write-downs finished goods     -1,080       -181  
Write-downs work in progress     -794       -808  
Write-downs raw materials     -14,651       -13,003  
Total     -16,525       -13,991  
Schedule of Other Accrued Items

Other accrued items include the following:

 

kEUR   Jun.30,
2025		     Dec. 31,
2024		  
Day One Loss     1,379       12,392  
Other accrued items related to lender warrants     935       1,055  
Total     2,314       13,447  
Schedule of Cash and Cash Equivalents

Cash and cash equivalents include the following:

 

kEUR   Jun. 30,
2025		     Dec. 31,
2024		  
Cash     1       1  
Cash at banks     7,361       22,212  
Restricted Cash     30,508       644  
Total     37,869       22,858  
Schedule of Issued and Outstanding Shares

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

 

in k units   2025     2024  
Outstanding as of Jan. 01     52,362       50,585  
Exercise of warrants     2,469       714  
Exercise of options     47       50  
Share based compensation     26       37  
Conversion from convertible note     922       -  
Outstanding as of Jun. 30     55,826       51,386  
Treasury shares     80       61  
Issued and outstanding as of Jun. 30     55,906       51,447  
Schedule of the Reporting Date Warrant Liabilities

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

 

kEUR   No. of
warrants
issued		     Jun. 30,
2025		  
Public warrants     7,826,371       13,155  
Private warrants     119,866       473  
Warrants relating to shareholder loans     10,373,336       56,733  
Warrants relating to Convertible Note     1,116,072       6,616  
Total     19,435,645       76,977  

 

As of December 31, 2024, warrant liabilities included the following:

 

kEUR   No. of
warrants
issued		     Dec. 31,
2024		  
Public warrants     11,542,415       39,997  
Private warrants     119,866       734  
Warrants relating to shareholder loans     10,480,003       78,849  
Warrants relating to Convertible Note     -       -  
Total     22,142,284       119,580  
Schedule of Loans and Borrowings

As of June 30, 2025 loans and borrowings include the following:

 

    Jun. 30,     Thereof classified as  
kEUR   2025     current     Non-current  
Convertible note     28,199       18,975       9,224  
Shareholder loans     5,426       5,426          
Total     33,625       24,401       9,224  
Schedule of Fair Value

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,
2025		     Fair value
Jun. 30,
2025		     Carrying amount
Dec. 31,
2024		     Fair value
Dec. 31,
2024		  
Financial assets                                  
Cash and cash equivalents   At amortized cost     3       37,869       37,869       22,858       22,858  
Trade receivables (current)   At amortized cost     3       6,085       6,085       9,900       9,900  
Other investments (non-current)   At amortized cost     3       5       5       5       5  
Other financial receivables (current)   At amortized cost     3       63       63       3,358       3,358  
Other financial receivables (non-current)   At amortized cost     3       6       6       6       6  
Total                 44,028       44,028       36,126       36,126  
kEUR   Classification   Fair value
hierarchy		     Carrying amount
Jun. 30,
2025		     Fair value
Jun. 30,
2025		     Carrying amount
Dec. 31,
2024		     Fair value
Dec. 31,
2024		  
Financial liabilities                                  
Warrant liabilities - private   FVTPL     2       13,155       13,155       39,997       39,997  
Warrant liabilities - public   FVTPL     1       473       473       734       734  
Warrant liabilities - Shareholder loan   FVTPL     2       56,733       56,733       78,849       78,849  
Warrant liabilities - Convertible Notes   FVTPL     2       6,616       6,616       -       -  
Loans and borrowings (non-current)   At amortized cost     3       9,224       16,074       -       -  
Loans and borrowings (current)   At amortized cost     3       24,711       26,044       13,333       13,333  
Trade payables (current)   At amortized cost     3       12,100       12,100       29,299       29,299  
Trade payables due to related parties (current)   At amortized cost     3       1,045       1,045       2,601       2,601  
Lease liabilities (non-current)   At amortized cost     3       1,882       -       2,336       -  
Lease liabilities (current)   At amortized cost     3       1,054       -       1,144       -  
Other payables financial (current)   At amortized cost     3       387       387       215       215  
Total                 127,379       132,627       168,510       165,030