Park & Charge
Specialist Lending
28 Aug 2024
Our Energy & Infrastructure Finance team has arranged a €65m financing package to support Qwello’s acquisition of Dutch EV charging business Park&Charge. Qwello is a pan-European charging point operator, backed by Tiger Infrastructure Partners.
Our role
Investec's investment will support the deployment of thousands of new charging stations across over 190 Dutch municipalities which will be a key enabler to assist the decarbonisation of transport in the Netherlands.
Qwello founder Dr. Henrik Thiele said: “The financing is a testament to the strength of the company and its business model amidst the backdrop of both robust CP utilization within the Qwello portfolio and positive market tailwinds related to the growth of electric vehicle adoption and public CP demand. We are looking forward to expanding our footprint by being a trusted provider of critical infrastructure to municipalities across Europe. This new partnership with ABN AMRO and Investec creates a springboard for continued growth.”
About Park & Charge
Park & Charge is a leading electric vehicle (EV) charge point operator in the Netherlands with a focus on public on-street EV charging stations.
About Tiger Infrastructure Partners
Tiger is a growth-focused mid-market infrastructure private equity firm and maintains offices in New York and London. Tiger partnered with German entrepreneur Henrik Thiele to acquire Park & Charge through their investment in European EV charging platform Qwello.
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.
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