Voltabox Ends Talks to Sell Stake in GreenCluster GmbH

German e-mobility solutions provider AG has announced the termination of negotiations to sell its 80% stake in local energy equipment firm GreenCluster GmbH. Despite reaching advanced stages in discussions with an undisclosed party, Voltabox disclosed that no agreement could be reached.

In May, Voltabox initially revealed its intention to sell its stake in GreenCluster, along with shareholder loans extended to the firm, anticipating proceeds in the medium six-figure range from the potential transaction.

GreenCluster specializes in tailored solutions with integrated for residential and commercial use. Voltabox's division, VoltaStore, which encompasses its investment in GreenCluster, is projected to generate revenues of EUR 7 million (USD 7.48m) in 2024.

This revenue accounts for approximately two-thirds of Voltabox's total consolidated revenue, estimated at around EUR 10.5 million.

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