WAAT

About WAAT

WAAT, founded in 2018 by Patrick Kic and Yann Evin, is a key operator in France's electric mobility transition, specializing in the installation, maintenance, and supervision of electric vehicle (EV) charging infrastructures. The company operates on a national scale, providing end-to-end services that include technical studies, the supply of connected charging stations, and both preventative and curative maintenance. Its business model revolves around offering turnkey solutions to a diverse client base, including condominiums, social housing landlords, commercial real estate, and corporate vehicle fleets.

Initially focused on the multi-family housing market, WAAT has expanded its operations to the commercial and social landlord sectors. The company's revenue is generated through the sale, installation, and ongoing management of charging stations, which includes subscription-based services for supervision, billing, and maintenance. A significant milestone was the €30 million in funding raised in November 2022 from RAISE Impact, aimed at accelerating growth, increasing headcount, and advancing the digitalization of its operations. This has supported the company's rapid expansion, with a reported revenue of €26 million in 2022, nearly four times that of the previous year.

WAAT's service offering is comprehensive, managing the entire value chain from initial feasibility studies to the final commissioning of the charging infrastructure. A notable offering is the "Confort" package for co-ownership properties, which, in partnership with programs like Logivolt and Advenir, can cover 100% of the installation costs for collective charging infrastructure, simplifying the process for property managers. Users can manage their charging through the MyWAAT mobile application, which allows for scheduling, consumption tracking, and payment. The company emphasizes using open-protocol terminals to avoid vendor lock-in for its clients. Recognition for its growth and impact includes being selected for the French Tech 120 program in 2024.