Charging infrastructure start-up Qwello, a portfolio company of Mountain Alliance AG (MA, ISIN DE000A12UK08), has attracted a new investor with US-based private equity firm Tiger Infrastructure Partners. Tiger Infrastructure Partners invests EUR 50 million in Qwello with the objective of creating a leading provider of charging infrastructure for electric vehicles. Mountain Alliance AG holds approximately 2% of Qwello.
Based in Munich, Germany, Qwello is a fast-growing company that builds, owns, and operates charging infrastructure for electric vehicles in major European cities. The company focuses on providing inner-city, public charging infrastructure. Qwello operates charging points at public locations in partnership with local municipalities, providing cities with a turnkey charging solution. Qwello's offering covers all elements of charging pole infrastructure, including hardware and software development, installation, ownership, operations, and maintenance. Qwello was founded and is managed by Henrik Thiele who has decades of experience as an entrepreneur and executive in the automotive and rail industries, both in Europe and worldwide.
Qwello's vision is to create easily accessible and easy-to-use charging stations at convenient locations in the city. Qwello's charging stations are equipped with user-friendly features such as icon-based user communication for universal use, options for contactless credit card or cell phone payment, and a high-quality integrated cable with a Type 2 plug (as well as a Type 2 socket for users who prefer to use their own cable). Qwello has also developed an intuitive mobile app that allows for easy billing, reservations, and location search.
Daniel Wild, Supervisory Board Member of Mountain Alliance AG, on the company's latest success: "Congratulations to Henrik Thiele and the entire team at Qwello on raising EUR 50 million from Tiger Infrastructure Partners! We are very proud to be part of this exciting journey with Qwello as one of the Mountain Alliance portfolio companies. This is a fantastic milestone, and I am sure there is much more to come!"
Henrik Thiele, Managing Director and Founder of Qwello, adds: "Tiger Infrastructure Partners is a financial partner who shares our vision to simplify charging in public, urban locations. The expertise and capital of our new investor will support us in developing Qwello into a leading brand in Europe. Qwello is the ideal partner to help cities across Europe meet the growing need for public charging infrastructure for electric vehicles."