Company Announcements

DGAP-News: Mountain Alliance AG: Portfolio company Qwello attracts Tiger Infrastructure Partners as new investor

Source: EQS

DGAP-News: Mountain Alliance AG / Key word(s): Investment/Financing
Mountain Alliance AG: Portfolio company Qwello attracts Tiger Infrastructure Partners as new investor

05.11.2021 / 08:00
The issuer is solely responsible for the content of this announcement.


Mountain Alliance AG: Portfolio company Qwello attracts Tiger Infrastructure Partners as new investor

Munich, 5 November 2021 - Charging infrastructure start-up Qwello, a portfolio company of Mountain Alliance AG (MA, ISIN DE000A12UK08), has attracted a new investor with US-based private equity firm Tiger Infrastructure Partners. Tiger Infrastructure Partners invests EUR 50 million in Qwello with the objective of creating a leading provider of charging infrastructure for electric vehicles. Mountain Alliance AG holds approximately 2% of Qwello.

Based in Munich, Germany, Qwello is a fast-growing company that builds, owns, and operates charging infrastructure for electric vehicles in major European cities. The company focuses on providing inner-city, public charging infrastructure. Qwello operates charging points at public locations in partnership with local municipalities, providing cities with a turnkey charging solution. Qwello's offering covers all elements of charging pole infrastructure, including hardware and software development, installation, ownership, operations, and maintenance. Qwello was founded and is managed by Henrik Thiele who has decades of experience as an entrepreneur and executive in the automotive and rail industries, both in Europe and worldwide.

Qwello's vision is to create easily accessible and easy-to-use charging stations at convenient locations in the city. Qwello's charging stations are equipped with user-friendly features such as icon-based user communication for universal use, options for contactless credit card or cell phone payment, and a high-quality integrated cable with a Type 2 plug (as well as a Type 2 socket for users who prefer to use their own cable). Qwello has also developed an intuitive mobile app that allows for easy billing, reservations, and location search.

Daniel Wild, Supervisory Board Member of Mountain Alliance AG, on the company's latest success: "Congratulations to Henrik Thiele and the entire team at Qwello on raising EUR 50 million from Tiger Infrastructure Partners! We are very proud to be part of this exciting journey with Qwello as one of the Mountain Alliance portfolio companies. This is a fantastic milestone, and I am sure there is much more to come!"

Henrik Thiele, Managing Director and Founder of Qwello, adds: "Tiger Infrastructure Partners is a financial partner who shares our vision to simplify charging in public, urban locations. The expertise and capital of our new investor will support us in developing Qwello into a leading brand in Europe. Qwello is the ideal partner to help cities across Europe meet the growing need for public charging infrastructure for electric vehicles."

About Mountain Alliance AG:
Mountain Alliance AG (ISIN: DE000A12UK08) is an investment company whose shares are listed in the SME segment m:access of the Munich Stock Exchange and in the Basic Board of the Frankfurt Stock Exchange. As a lean, transparent and experienced investor, the company is dedicated to the industry of the future, in which it has many years of know-how and an excellent network: the digital business. Mountain Alliance AG holds investments in four segments: Technology, Digital Business Services, Digital Retail and Meta-Platforms & Media. Through its listing the company enables its shareholders a simple access to a diversified portfolio of digital assets.

Contact:
Mountain Alliance AG
Manfred Danner
Board Member
Theresienstr. 40
80333 Munich
Germany
phone: +49 89 2314141 00
fax: +49 89 2314141 11
e-mail: danner@mountain-alliance.de
www.mountain-alliance.de

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Investor Relations
Bahnhofstr. 98
82166 Graefelfing/Munich
Germany
phone: +49 89 1250903-30
e-mail: sh@crossalliance.de
www.crossalliance.de



05.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Mountain Alliance AG
Theresienstraße 40
80333 München
Germany
Phone: +49 89 231 41 41 00
Fax: +49 89 231 41 41 11
E-mail: danner@mountain-alliance.de
Internet: www.mountain-alliance.de
ISIN: DE000A12UK08
WKN: A12UK0
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1246421

 
End of News DGAP News Service

1246421  05.11.2021 

fncls.ssp?fn=show_t_gif&application_id=1246421&application_name=news&site_id=acquiremedia3