# Waat

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/waat

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Malakoff, France
- Website: www.waat.fr/
- Total disclosed funding: $9.2M
- Latest round: Series A (Aug 11, 2022)
- Investors on record: 1

## About

Based in France, Waat SAS is a company that specializes in electric vehicle (EV) charging solutions, catering to various sectors including residential and commercial properties, enhancing sustainable mobility options. Waat SAS, founded in 2018 and headquartered in Malakoff, France, focuses on EV charging solutions. In September 2025, Waat SAS raised EUR 100 million in venture funding, co-led by DWS Group and Bpifrance, with returning investor RAISE participating in the round.

Waat specializes in providing electric vehicle (EV) charging solutions tailored to various sectors, including residential complexes, commercial real estate, social landlords, and property developers. Their core offerings encompass the installation and maintenance of advanced charging stations that utilize a standardized open protocol, ensuring compatibility with a wide range of electric vehicles. The end users of these products include tenants in residential properties, employees in corporate environments, and fleet operators looking to transition to electric vehicles. Waat’s services also extend to providing a proprietary app, MyWAAT, which facilitates efficient charging management, allowing users to optimize their charging schedules and track consumption. The company operates across France and has ambitions to expand its footprint in other European markets, addressing the growing demand for sustainable mobility solutions.

Waat generates revenue primarily through direct B2B transactions with property managers, commercial entities, and fleet operators, alongside providing subscription-based services. The company’s revenue model includes upfront fees for the installation of charging infrastructure, which is complemented by ongoing maintenance contracts and the management of charging operations. Clients typically engage with Waat to install charging stations, which may be offered as part of larger property development initiatives, ensuring that properties are equipped with modern EV charging capabilities. Revenue is further bolstered by partnerships with energy providers, such as Ekwateur, to deliver sustainable energy to the charging stations. The specific pricing structures for these services are tailored based on project scope and client needs, contributing to Waat's comprehensive service offering in the EV charging market.

In September 2025, Waat SAS raised EUR 100 million in venture funding to accelerate its development in France and Europe. The company plans to expand its EV charging infrastructure across residential and commercial buildings and enhance its smart technology solutions. This funding will be instrumental in supporting these initiatives as Waat aims to penetrate new markets and geographic regions.

## Funding rounds

- Series A, Aug 11, 2022, $9.2M — RAISE

## Investors

- RAISE (https://capitalatlas.ai/funds/raise) — Series A