QQwello runs a pan-European public EV charging network in urban areas across Germany, the UK, France, and the Netherlands. Customers locate, reserve, and pay for charging sessions via a proprietary mobile app, with ad-hoc credit card payments supported at the charger. The network uses AFIR-compliant hardware and payment flows, and charges are pay-per-use rather than subscriptions. The company intends to expand rapidly across Europe using debt financing to build a dense, reliable urban charging network that is easy to use on demand.
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Industries
Company Size
51-200
Company Stage
Growth Equity (Venture Capital)
Total Funding
$187M
Headquarters
Munich, Germany
Founded
2017
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Total Funding
$187M
Above
Industry Average
Funded Over
3 Rounds
Munich-based charging operator Qwello is raising up to €55 million to expand its European network. The growth capital comes from the ABN AMRO Sustainable Impact Fund and existing investors. Qwello will use the money to build out its charging network across Europe and to fund further acquisitions.
Qwello Benelux has acquired a majority stake in Dutch charging infrastructure specialist Groen-Eco. This move allows Qwello to strategically expand its
The charging infrastructure provider Qwello has announced the conclusion of debt financing. The debt capital of up to 65 million euros will be used to refinance part of the purchase price for Park & Charge (PnC), which can be invested in Qwello's European expansion and the further growth of PnC.
/PRNewswire/ -- Tiger Infrastructure Partners ("Tiger Infrastructure") announced today an investment of €50 million in Qwello GmbH ("Qwello"). Based in Munich,...
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Industries
Company Size
51-200
Company Stage
Growth Equity (Venture Capital)
Total Funding
$187M
Headquarters
Munich, Germany
Founded
2017
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs