Munich-based company Qwello specializes in building and operating public charging infrastructure for electric vehicles. The company primarily installs and operates AC charging stations in public streets, aiming to make everyday EV charging easier and more accessible. Now, the charging infrastructure provider has secured up to €55 million in growth financing. With this capital, the company plans to expand its network of currently more than 19,500 public charging points across eight European countries and selectively acquire further charging infrastructure operators.
For its European expansion, Qwello relies on a model where the company privately finances public charging infrastructure and operates it in close cooperation with municipalities. The focus is on densely populated urban and residential areas where electric vehicle drivers often lack private charging options. With more than 800 partner municipalities, Qwello states that it is one of the providers of public charging infrastructure active across Europe.
ABN AMRO invests up to 25 million euros in Qwello
The ABN AMRO Sustainable Impact Fund is participating in the financing round with up to 25 million euros. Additional funds, the exact amount of which was not disclosed, come from Tiger Infrastructure Partners and other existing shareholders. Tiger Infrastructure has been supporting Qwello’s development since 2021, while the business relationship with ABN AMRO Bank dates back to 2024.
The additional equity is intended to enable both the organic expansion of the charging network and strategic acquisitions. Qwello is currently active in Germany, Denmark, France, the Netherlands, Poland, Sweden, Spain, and the United Kingdom.
The company states that it operates its charging infrastructure exclusively with electricity from renewable sources. According to its own calculations, this and the use of the charging infrastructure helped avoid more than 28,000 tons of CO₂ over the past year. The basis for calculating this figure is not detailed in the press release.
Acquisitions in the Netherlands, Poland, and Sweden
Alongside building new charging points, Qwello is pursuing a selective acquisition strategy. A recent example is the acquisition of a majority stake in Dutch company Groen-Eco. Through this strategic partnership, Qwello is expanding its activities in B2B and destination charging by more than 1,400 charging points across 230 locations in the Netherlands.
Qwello had already integrated the Dutch charging infrastructure operator Park & Charge back in 2024. The company subsequently won a tender from the province of North Holland to install up to 1,000 charging points in municipal parking garages. Since 2026, the business has been fully integrated into the corporate group as Qwello Netherlands.
In addition, Qwello acquired charging infrastructure assets in Poland and Sweden, expanding its presence in both markets.
Qwello Aims to Expand Public Charging in European Cities
With the additional growth capital, Qwello aims to accelerate its expansion and pursue further acquisition opportunities. CEO Henrik Thiele emphasizes the importance of the ongoing collaboration with its financing partners:
“Since beginning our partnership with Tiger Infrastructure in 2021 and ABN AMRO Bank in 2024, we have expanded our charging network, achieved high utilization of our charging infrastructure, and successfully integrated acquired companies. We have always taken a selective approach to acquisitions, with the clear objective of making each integration operationally and economically successful over the long term.”
With the additional capital, Thiele sees the company well positioned to execute further acquisitions and drive the expansion of public charging infrastructure in European cities.
