The second financing round of Wirelane consists of 12.1 million euros of fresh capital and the conversion of existing 5.9 million euros of loans into equity. In addition to existing investors such as High-Tech Founders Fund, the Büll Family Office joined the team through its investment arm, Abacon Capital. With this new support, Wirelane will continue its growth path to become one of the leading providers of charging infrastructure solutions in Germany and the neighboring countries, as well as drive the further development of its e-mobility platform for the operation, management, and billing of charging transactions.
Founded in 2016, the mobility startup aims to establish a new generation of intelligent charging solutions in electromobility. In addition to charging stations for electric cars, the young company also develops the associated software and apps. With its solution, Wirelane aims to attract cities and municipalities as customers, as well as companies from various industries such as automotive, tourism, and energy.
Tobias Krauss, CEO of the main investor Abacon Capital, says about the current financing round:
"The company and its employees pursue a strong purpose, and we are pleased to contribute with our investment and network to building charging infrastructure where people need it. Wirelane has strong technology and is well on its way to achieving exponential growth in the coming years and further expanding its existing market leadership in the target segments of hospitality and commercial real estate."
Charging electric vehicles as a fundamental right
Wirelane-CEO Constantin Schwaab about further developments:
"To achieve the goal of climate neutrality in combination with the mobility transition, charging electric vehicles must be a fundamental right, like unrestricted access to the internet. With this round of capital, we can continue to grow aggressively and specifically expand our platform for charging infrastructure and e-mobility to create widespread charging options for electric vehicle drivers. In addition, we are massively strengthening our teams in product development, sales, and operations to be prepared for the current and future growth of e-mobility – in the coming months, we will launch several hundred new B2B customers on our platform."
Five-digit number of charging points in the next three years
And Bernhard Seidl, CFO of Wirelane, adds:
"The financing round we've now completed will enable us to build a five-digit number of charging points over the next three years. It will also significantly accelerate our market penetration."
