Madrid, Spain 
November 25, 2024 Munich-based Qwello, a successful European operator of public charging infrastructure, announced today that it has acquired the Spanish Joint Venture previously operated together with Acciona Energía.
Qwello only recently announced the acquisition of Park&Charge, one of the largest Dutch charging infrastructure operators, and the successful completion of an initial debt financing round totaling €65 million. As one of Europe’s leading charging infrastructure operators, Qwello currently manages over 12,000 charging points across nearly 300 municipalities in eight European countries.
Successful Cooperation
Since the Joint Venture’s creation for the Spanish market, Acciona Energía, the world’s largest owner and operator of renewable energy projects and green power producer based in Madrid, and Qwello, the Munich-based charging infrastructure operator, have successfully pursued the development of the Spanish market. Throughout their collaboration, they jointly secured tenders with a wide range of requirements, which were successfully managed thanks to the respective expertise of the two companies.
During the tenders, the two companies always concentrated on their respective core competencies. This focus now enables greater specialization with Qwello’s acquisition of the Joint Venture, aligning with Qwello’s successful global strategy across Europe.
Parallel Approach to Accelerate Charging Infrastructure Expansion in Spain
By concentrating on their respective areas of expertise, both companies will now be able to work in parallel in the future to reinforce their shared goal of driving e-mobility forward.
Qwello’s experience in competitive markets with high penetration of electric vehicles allows it to move rapidly towards leadership in public AC charging, which accounts for 80% of the public charging infrastructure in Europe. With this strategic approach, Qwello reinforces its commitment to provide a reliable, efficient and accessible charging infrastructure for all EV users.
As part of the acquisition of the Joint Venture by Qwello, the company “Infraestructuras de movilidad urbana sostenible AQ JV SL” will now officially operate under the name Qwello España SL, thereby consolidating its integration into the company’s global structure.
Carlos Vázquez, Managing Director of the Joint Venture:”With the acquisition of the Joint Venture, Qwello underscores its commitment and willingness to invest in the Spanish market. Retaining all personnel, most of the cooperation agreements, and continued collaboration with Acciona in the scope of previous tenders reflect Qwello’s confidence in both the market and the team, which will soon establish and operate the first 40 charging points in the Spanish capital. This installation in Madrid represents the first milestone in the future development of Qwello España SL market.”
Dr. Henrik Thiele, CEO of Qwello: “The European EV sector is experiencing unprecedented growth, driven by rapidly falling battery costs, increased awareness of climate change, and the expansion of EV offerings by manufacturers. However, the availability of charging infrastructure does not necessarily keep pace with the demand for EVs. I am pleased we have reached a mutual agreement with Acciona Energía at this pivotal moment in European development. Qwello aims to become a leading charging infrastructure provider in Spain, focusing on technology, user-friendliness, and sustainability—goals shared with Acciona. This parallel approach will enable even faster infrastructure development in Spain in the future.”
About Qwello
Qwello is a developer of cutting-edge technologies and an owner-operator of innovative charging stations and solutions for electric vehicles. With 12,500 charging points in operation, Qwello has installed and manages infrastructure across numerous cities and regions in Europe. Qwello forms local partnerships through public domain occupation agreements and provides both infrastructure and charging services. Headquartered in Munich, Qwello has already gained the trust of municipalities and users with its advanced infrastructure and the use of private investment capital, as seen in cities such as Frankfurt, Essen, Berlin, Stockholm, London, as well as in France, Spain, Poland, and the Netherlands. In doing so, Qwello demonstrates a clear commitment to Europe, adheres to the highest ESG standards, and fully supports society’s decarbonization efforts.
For more information about Qwello, visit www.qwello.eu/es.