# Wirelane

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

- Industry: Energy Storage & Batteries
- Headquarters: Munich, Germany
- Website: www.wirelane.com
- Total disclosed funding: $26M
- Latest round: Series B (Nov 30, 2023)
- Investors on record: 8

## About

Wirelane GmbH, located in Munich, Germany, specializes in designing and manufacturing advanced electric vehicle charging infrastructure. Their solutions cater primarily to the hospitality sector, integrating hardware and software for efficient energy management.Founded in 2016, Wirelane GmbH is focused on developing charging solutions for electric mobility. The company has completed five deals, with its most recent funding event occurring on November 30, 2023. After raising EUR 11 million in a Series B round led by P15 Holding GmbH and supported by investors such as CD-Venture and High-Tech Gründerfonds, Wirelane's total funding now stands at EUR 11 million, valuing the company at USD 395.18 mn. CEO Constantin Schwaab leads the organization, which operates out of its headquarters in Munich, Germany.Wirelane specializes in providing comprehensive charging infrastructure solutions tailored for the electric mobility sector, particularly within the hospitality industry. Their core offerings include advanced charging stations that are legally compliant, including wall-mounted and free-standing units. The proprietary software, WirelaneOS, facilitates efficient management of charging operations, offering features like flexible tariff structures and automated billing. The company’s solutions are installed across various locations in Germany, with partnerships that ensure effective installation and maintenance of their systems, enhancing the user experience for customers.Wirelane's revenue model is primarily based on partnerships with hotels and municipal entities, generating income through the sale and operational management of charging stations. A charge-per-use structure allows end users to pay for the electricity consumed at these charging stations. Additionally, subscription fees for premium features of the WirelaneOS platform provide clients with advanced management tools and analytics. The firm mainly engages in B2B transactions, facilitating the installation and support of electric vehicle charging infrastructure for its partners, thereby helping them create additional revenue streams.In November 2023, Wirelane GmbH raised EUR 11 million in Series B funding to support strategic initiatives aimed at expanding its charging infrastructure. The funding will be allocated towards potential acquisitions and investments to further enhance their offerings. The company is actively exploring opportunities to introduce new products and expand into additional markets, though specific product launches and target regions have not been disclosed. The Series B funding is part of a larger EUR 23.10 million round, positioning Wirelane for robust growth in the electric mobility sector.

## Funding rounds

- Series B, Nov 30, 2023, $12M — High-Tech Gruenderfonds, CD-Venture, Abacon Capital, P15 Holding GmbH
- Series B, Dec 10, 2021 — Momeni Digital Ventures
- Series B, Aug 3, 2021, $14M — High-Tech Gruenderfonds, Vito Ventures, Coparion, Ritter Starkstromtechnik GmbH & Co. KG, Abacon Capital
- Series A, Nov 12, 2018 — High-Tech Gruenderfonds, Vito Ventures, Coparion, Ritter Starkstromtechnik GmbH & Co. KG

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Series A, Series B
- Vito Ventures (https://capitalatlas.ai/funds/vito-ventures) — Series A, Series B
- Coparion (https://capitalatlas.ai/funds/coparion) — Series A, Series B
- Ritter Starkstromtechnik GmbH & Co. KG — Series A, Series B
- Abacon Capital (https://capitalatlas.ai/funds/abacon-capital) — Series B
- Momeni Digital Ventures (https://capitalatlas.ai/funds/momeni-digital-ventures) — Series B
- CD-Venture (https://capitalatlas.ai/funds/cd-venture) — Series B
- P15 Holding GmbH — Series B