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Qwello secures up to €55 million in growth funding

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Qwello secures up to €55 million in growth funding

Munich-based charging provider Qwello has secured up to €55 million from both the ABN AMRO Sustainable Impact Fund and existing shareholders to fund its further expansion. The investment will support the continued growth of Qwello's public charging network in European cities as well as targeted acquisitions.

Qwello currently operates over 19,500 charging points across 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 broadens Qwello’s business, which has previously focused heavily on public concessions, to include private and semi-public charging locations, adding a portfolio of over 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 prioritise densely populated urban and residential areas, where convenient and reliable public charging is essential for the transition to electromobility.

In addition to organically expanding its own charging network, Qwello will continue to pursue acquisitions. The company aims to acquire businesses that align with its model and can be successfully integrated into the corporate group.

Regarding 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.



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