Qwello currently operates more than 19,500 charging points in more than 800 municipalities in Denmark, France, Germany, the Netherlands, Poland, Sweden, Spain and the United Kingdom. The company has just acquired a majority stake in Dutch charging infrastructure specialist Groen-Eco. This expansion expands Qwello’s business, which had previously focused largely on public concessions, to include private and semi-public charging locations, adding a portfolio of more than 1,400 charging points.
At the same time, Qwello plans to significantly expand its network over the next ten years. The Munich-based company will continue to prioritize densely populated urban and residential areas, where convenient and reliable public charging is essential for the transition to electromobility.
Qwello continues to seek acquisitions
In addition to organically expanding its own charging network, Qwello will continue to make acquisitions. The company aims to acquire businesses that align with its model and can be successfully integrated into the business group.
Commenting on the financing, Qwello CEO Henrik Thiele commented: “This investment marks another important step in Qwello’s European growth journey and reflects the confidence of our long-standing financial partners in our business model and operational performance. Since establishing our relationship with Tiger Infrastructure in 2021 and ABN AMRO Bank in 2024, we have expanded our network, demonstrated strong utilization across our portfolio and successfully integrated the acquired businesses.”
Accelerate charging network growth
Thiele continued: “With additional capital, we are even better positioned to pursue attractive acquisition opportunities, successfully integrate acquired companies, and accelerate the growth of our network to make reliable public charging more accessible in all European cities.”
Gaetano Giuffré, senior investment manager at the ABN AMRO Sustainable Impact Fund, added: “Qwello has demonstrated the operational and commercial discipline we look for in infrastructure businesses. Its ability to expand a scalable public charging network while successfully selecting and integrating acquisitions is particularly compelling. Our investment of up to €25 million together with a similar amount from Tiger Infrastructure and other shareholders reflects our confidence in Qwello’s model, its execution capabilities and its opportunity to grow in eight European markets. Through “With a privately financed infrastructure model and close partnerships with municipalities, Qwello is helping to develop the charging capacity needed for Europe’s transition to electric mobility.”
This year, Qwello has already been awarded a contract for approximately 230 new charging points at 65 locations in the Harburg district (DE). There Qwello, together with Vattenfall and Wirelane, applies the so-called Harburg model. Ironically, in its hometown of Munich, Qwello has for years faced obstacles in its efforts to build charging infrastructure: the company had filed lawsuits against previous city (DE) tenders. After the courts identified deficiencies, Munich is now preparing a new concession tender for the construction and operation of public charging infrastructure.
qwello.eu
