Er... not sure about sending credentials in clear text via email. That would probably require adding a feature to force password reset on first login and possibly a feature to deactivate an account after X hours if it's not claimed...
Just to understand, is this about a) creating a list of new users, or b) inviting a list of users to join a team by email?
If it's b) maybe it's better just to offer a way to use the invite new member dialog programatically?