Qwello receives 50 million euros from Tiger Infrastructure Partners
Sophie Deistler
| 03.11.2021
With its charging columns for electric vehicles, the start-up from Munich has gained a new investor.
The New York-based investment company Tiger Infrastructure Partners has invested 50 million euros in Qwello. The Munich-based start-up intends to use the capital to expand its charging services for e-cars in European cities.
"With Tiger's investment, Qwello is well positioned to help cities in Europe solve the current and growing need for electric vehicle charging infrastructure," says founder Henrik Thiele. Qwello charging stations exist in Munich and Hamburg so far. In August, FAZ reported that the start-up also wants to set up charging points at 30 locations in Frankfurt.
Qwello was founded in 2017 and provides charging infrastructure for electric vehicles in cooperation with cities. Users can find charging stations near them via an app and reserve them for themselves. Drivers can pay contactlessly at the charging point or in the app.
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