France’s WAAT Secures €100M To Speed Up EV Charging Expansion Across Europe

The new funding will help WAAT accelerate growth in France and across Europe, expand charging terminal installations in condominiums, social housing, and commercial buildings, and further advance its smart technology solutions.

“This fundraising marks a major milestone in the history of WAAT. In a demanding environment, our teams are truly proud to have succeeded in mobilising partners of this calibre. It’s recognition of our business model, rooted in the real world and capable of reconciling impact, industrial performance and long-term growth,” says Patrick Kic, Chairman of WAAT.

The French company has set clear goals for electrifying private mobility by 2030.

Read Also - Revel8 Raises €7 Million Funding In Pre-seed Round

It plans to install 250,000 charging points through large-scale infrastructure deployment. WAAT also aims to strengthen its leadership in the condominium market and expand in the commercial sector.

The company will enhance its services with connected digital solutions. Its MyWAAT platform will use AI to optimize charging and improve customer engagement. WAAT also plans to expand internationally, replicating its successful model from France.

WAAT is dedicated to making electric mobility accessible, providing charging solutions for condominiums, social housing, and businesses to lower carbon emissions and support greener cities.

With over 250 team members across 20 French locations, WAAT delivers personalized customer support. The company manages every project stage, from installation to maintenance, and offers the MyWAAT app for easier charging.

Currently, WAAT employs 300 people, generates €70M in annual revenue, and has posted positive EBITDA for three consecutive years, according to Le Figaro.

About WAAT

Founded in 2018, WAAT is a French expert in electric vehicle charging for condominiums, social housing, commercial real estate and businesses. With the MyWAAT app, full installation services, connected chargers, and maintenance, WAAT simplifies charging infrastructure. Recognized by French Tech 120 and Ecovadis 2024 for innovation and sustainability.