Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
German portable battery systems manufacturer Instagrid has announced the creation of some 150 jobs in 2024.
The job creation is part of a business expansion scheme. The company has told the press that is has secured investments for developing and delivering its products to North-America. Instagrid's product range will be expanded by larger mobile battery storage systems. According to the company, such systems present a clean solution for mobile power supplies.
Instagrid is a start-up from Stuttgart (Baden-Wurttemberg) that was founded over two years ago. According to the sources, it has managed to sell nearly 30,000 of its portable battery systems and wants to sell a similar amount in 2024.
Eurofound (2024), Instagrid, Business expansion in Germany, factsheet number 200812, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200812.