Carlsquare advised Wirelane on a growth investment by ABACON CAPITAL
Wirelane, a full-service provider for charging solutions, has received growth capital as part of a financing round led by ABACON CAPITAL, along with other private investors. In addition to current investors, like High-Tech Gründerfonds, the Büll Family Office was added to the group via its investment vehicle ABACON CAPITAL. With this new additional support, Wirelane can continue its growth trajectory to become one of the leading providers of charging infrastructure solutions in Germany and neighbouring countries, while further developing its e-mobility platform to help customers manage, operate and bill their charging transactions.
Until recently, electromobility was a niche market. Now, electric cars have hit the mainstream. Thanks to strong state support and purchasing incentives from manufacturers, millions of electric cars are expected to be on the roads in the next few years. But this change also requires charging infrastructure to be rapidly expanded, so that people can charge their cars at home, at work, at their destination or quickly on the motorway. By 2030, a million public charging stations will be built in Germany alone, in order to meet the target of a 40% reduction in C02 emissions. Wirelane are specialists in the field of public and private charging infrastructure and their charging solutions are aimed particularly at the target markets of hospitality and property, as well as companies wanting to provide charging infrastructure on their car parks.
Tobias Krauss, CEO of the main investor ABACON CAPITAL, is feeling confident: “The company and its employees have a strong purpose and we are very happy to contribute our investment and network to help build charging infrastructure where people need it. Wirelane provides powerful technology and they are already well on their way to achieving exponential growth and increasing their market share in their target segments of hospitality and commercial property in the coming years.”
“In order to revolutionise mobility and achieve net zero climate neutrality, access to charging infrastructure must become a basic right, just like access to the internet. With this capital investment round, we are now able to grow aggressively and systematically expand our e-mobility and charging infrastructure platform, providing comprehensive charging options for the drivers of electric cars. In addition, we will greatly expand our teams in product development, sales and operations, to prepare ourselves for the current and future growth of e-mobility – hundreds of new B2B customers will be going live on our platform in the next few months,” explained Wirelane CEO Constantin Schwaab.
“This now complete finance round will allow us to build a five-figure number of charging stations in the next three years. This will enable us to significantly accelerate our market penetration,” added Wirelane CFO Bernhard Seidl.
Carlsquare acted as the exclusive financial advisor to Wirelane.