Qwello, a Munich-headquartered builder, owner and operator of EV charging infrastructure with over 16,500 charge points across eight European countries, has acquired an EU-based regional charge point operator (“the Company”).
Electric vehicle adoption across Europe continues to accelerate, and demand for reliable, well-located charging infrastructure is extending well beyond the public network. Workplace and destination charging is emerging as a critical layer of the EV charging ecosystem, driven by attractive unit economics, long-term contracts and contracted revenue. The Company has built a well-diversified, contracted charging platform across commercial and semi-public locations, operating a partnership-driven model while retaining direct customer relationships. The business has delivered strong and profitable growth.
By adding the Company’s platform to its own, Qwello extends its reach into commercial and semi-public charging, strengthens its footprint in the region and gains access to a growth pipeline that its operational scale is well placed to unlock. The transaction also establishes a strategic platform for further consolidation across the broader European market.
IMPROVED acted as exclusive buy-side advisor to Qwello, guiding our client through the process from due diligence support and deal structuring to negotiations and completion. Our work spanned from business plan validation to structuring the acquisition to support Qwello’s integration and ownership objectives.
The transaction builds on IMPROVED’s growing track record advising across the EV charging and broader electrification infrastructure landscape. We are seeing increasing interest from both strategic platforms and infrastructure capital in charging assets. As the market matures, we expect consolidation to continue as scaled platforms acquire smaller regional operators to expand coverage, deepen customer relationships and leverage operational synergies.
About Qwello
Headquartered in Munich, Germany, Qwello is a fast-growing, full-service builder, owner, and operator of electric vehicle charging infrastructure in major European cities and is focused on the provision of public charging infrastructure.
Qwello operates over 16,500 charge points via public concessions with local municipalities and investment of private capital. The company provides a turnkey charging solution to cities by providing all elements of the charge point infrastructure service.
The company has operations across Germany, Netherlands, Sweden, the UK, France, Spain, Poland and Denmark. Qwello has a clear commitment to the European market, the highest ESG standards and a clear dedication to support decarbonisation endeavours in progressive societies.
