Wirelane raises €18M Series B led by Abacon Capital
Ubiquitous electric mobility and EV charging play an important role to save our climate and planet and this is the decisive decade to limit global warming to 1.5°C. By 2030, Transport & Environment’s Road2Zero scenario forecasts a need for 2.9 million public EV chargers in the EU. Just-in-time, Wirelane raises €18M Series B (€12.1M fresh capital and €5.9M converted loans) to accelerate its growth and contribute to rolling out more EV charging stations. The B round is led by Abacon Capital, the investment arm of the Büll family office in Hamburg. Early investors in Wirelane include Vito Ventures, HTGF and Coparion. Founded in 2016, Wirelane employs 40 emobility experts in Munich and Berlin and targets €5M+ revenues in 2021. Among the B2B customers are BMW and Vattenfall.
Albert Büll co-founded the real estate developer B&L Group in 1970 and apparently was very successful. Real estate expertise comes in handy for Wirelane as their target markets are commercial real estate, hospitality and municipalities. In fact, Wirelane is a full-service provider for public EV charging providing hardware, software and payment. Wirelane is an Ecosummit 2021 sponsor and CEO Constantin Schwaab first pitched at Ecosummit Berlin 2019 and, most recently, at Ecosummit Zoom 20 January 2021. CFO Bernhard Seidl will pitch at Ecosummit Berlin 8-9 September 2021 to give an update and enjoy our unique outdoor networking. Congrats to the founders, employees and investors for reaching this significant funding milestone.
Tags: Abacon Capital, Bernhard Seidl, Cleantech VC, Commercial Real Estate, Constantin Schwaab, Coparion, Ecosummit Berlin 2019, Ecosummit Berlin 2021, Ecosummit Zoom 20 January 2021, electric mobility, EV charging, Family Office, Germany, Hardware, Hospitality, HTGF, Munich, Payment, Smart Green Mobility, Smart Green Startup, Software, Vito Ventures, Wirelane