Qwello builds pan-European charging solution with Park & Charge acquisition
EV charging infrastructure specialist Qwello is acquiring Park & Charge, a leading Dutch charge point operator, creating a pan-European charging platform.
The combined business will operate more than 12,000 charge points across nearly 300 municipalities in seven European countries, positioned for the growth in EV adoption.
Qwello began operations in 2020 with charging stations developed inhouse from its base in Germany. It’s since expanded to become a leading charge point operator in Stockholm, Sweden, and rolled out into cities such as Frankfurt, Berlin and London, supported by a €50m (£43.0m) commitment from Tiger Infrastructure Partners.
The business has also formed a joint venture with Acciona, a leading Spanish renewable energy provider, to expand into the Spanish market, and has grown organically in the UK, Polish and French markets.
The company provides cities with a turnkey charge point infrastructure solution, including hardware and software development, installation, financing, ownership, operations and maintenance.
The new tie-up with Park & Charge will expand this further. Founded in 2016, Park & Charge has successfully established itself in the Dutch market by providing a reliable EV charging infrastructure solution to local municipalities. Now active in around 200 Dutch municipalities, the company will continue to operate independently in the Netherlands with a focus on growth in the public segment.
Qwello founder Henrik Thiele said: “Qwello’s vision has always been to offer a turnkey charging infrastructure solution for the whole of Europe that enables cities and municipalities to make it easier for their citizens to get started with electromobility. In Park & Charge, we have found a partner that not only shares our values, but also fits perfectly with our European growth strategy. We share the focus on user-friendliness and innovation, and our collaboration makes it possible to combine the expertise of both Qwello and Park & Charge in the fields of operation, installation and maintenance.”