Wattif EV Raises 40M NOK in Private Placements

– We are extremely pleased with the positive response from both customers and investors, says Robert Svendsen, CEO of Wattif EV.

The Private Placement was successfully completed on 9th May, raising c. NOK 40M. Existing investors have been joined by Fredensborg, Makrella Holding and Link Energy Transition Fund. Wattif EV engaged Pareto to carry out the issue.

Wattif EV specialises in destination charging, to ensure hassle-free access to electric car charging wherever you park. By entering into partnership with car park owners, Wattif EV aims to accelerate the roll-out of charging infrastructure.

– Access to charging points is a crucial factor in the transition to electric vehicles. Creating a expansive charging infrastructure means that more people will choose to switch from ICE cars and go green, Svendsen says.

Commitment to Europe
Since the beginning, Wattif EV has had a strong focus in Sweden. The company recently secured its largest contract there, with a roll-out of chargers on Smart Parkering’s 250,000 parking spaces. This makes Wattif EV one of the largest EV charging operators in Sweden. The company is currently in the process of developing its charging solution for 30 different projects in the Nordic countries.

– The money from the issue will be used to fund the contracts we already have, in addition to rolling out our solution for destination charging across Europe, Svendsen says.

Wattif EV is a Norwegian-founded company currently operating in Norway, Sweden, Denmark, Finland, Germany, UK and Ireland.

– In only a few years from now, most cars in Europe will be electric and the growth will be explosive. Our goal is to accelerate the electrification of the global car park, by being an active contributor to the green shift. Wattif EV will be a key enabler for EV charging across Europe and the leading player within this segment, Svendsen says.

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