Qwello receives 50 million euros from Tiger Infrastructure Partners
The Munich-based start-up has gained a new investor with its charging stations for electric vehicles.
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 offer for electric cars in European cities.
"With Tiger's investment, Qwello is well positioned to help cities in Europe solve the current and growing need for charging infrastructure for electric vehicles," says founder Henrik Thiele. Qwello charging stations are currently available in Munich and Hamburg. In August, the FAZ reported that the start-up would also like 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 use an app to find charging stations in their vicinity and reserve them for themselves. Drivers can make contactless payments at the charging point or in the app.
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