Watto is the first Romanian start-up that is building a network of ultra-fast charging stations across SEE and that is fully financed from non-corporate sources.
WHAT MAKES US AWESOME
We are building an ultra-fast charging infrastructure that will allow long-distance driving with an electric vehicle for personal cars and large commercial vehicles as well.
Through innovation and smart solutions we are creating an entire ecosystem functioning as a technological backbone for the transportation industry, integrating a large network of high-powered charging stations with solar production and storage solutions, allowing every location to smoothly interconnect and work as one smart ecosystem, while providing top user experience.
Our proprietary concept allows for servicing large electric vehicles such as trucks and buses and is designed having in mind the upcoming of autonomous vehicles. Each location will be partially powered by renewable energy and will be endowed with intelligent energy storage capabilities, modern coffee shops and eco-friendly resting areas.
Making long-distance journeys possible with an electric car anywhere in Southern-Eastern Europe
WHY CHARGING STATIONS
Transport is a fundamental sector for any economy and is Europe’s biggest source of carbon emissions, contributing 27% to the EU’s total greenhouse gas emissions. To achieve full decarbonization, a fleet of entirely zero emission vehicles (ZEVs) will be needed by 2050. Te market share of full electric vehicles is still low in many European members state. Charging infrastructure is considered as one of the central reasons.
A revolution is underway in transportation, with a variety of electric vehicles rapidly coming to market. With some of the latest electric car models, we will soon be able to travel 300-400km without charging. To allow such development, a powerful charging network, for personal and commercial use, is mandatory.
We build social value
“We believe in a future with less air pollution and sustainable transportation. Through technology and innovation we have the courage to shape a better future while building social value for the entire comunity.”
CEO & Founder WATTO
- Strategic locations alongside the main driving corridors.
- Large areas able to accommodate the future electric trucks and buses.
- Charging solutions for personal cars and commercial vehicles as well.
- Fast and ultra-fast charging technology.
- Partial energy independence through photovoltaic installations.
- Battery storage.
- Modern coffee-shops & lounges.
- Focus on simplicity, outstanding services and top user experience.
Leadership – The courage to shape a better future. Innovation, safety and reliability. Trust and integrity. Supporting sustainability. Building social value.
Early Game Venture is a venture capital fund financed mostly through the Competitiveness Operational Program 2014-2020, co-funded by the European Regional Development Fund, investing in startups that jumpstart new industries in the emerging markets of Europe.
The European Investment Fund (EIF) is part of the European Investment Bank Group and is the leading risk financier for Europe’s SMEs through venture capital, collateral, and microfinance instruments. In Romania, the EIF implements financial instruments co-financed through structural and investment funds, such as JEREMIE 2007-2013, SME Initiative, ROP, JOP, NRDP.
Operational Program 2014-2020 (POC) makes investments to address the needs and challenges raised by the low levels of economic competitiveness. POC benefits from a € 1.33 billion allocation from the European Regional Development Fund.
„Watto Stations, a Romanian startup that plans to build a regional network of ultra-fast charging stations for electric vehicles, has received an unspecified financing from Early Game Ventures, a venture capital fund that is funded primarily through the Competitiveness Operational Program 2014-2020 and co-funded by the European Regional Development Fund”, Start-up.ro reported.
„WATTO builds, what we call, Infrastructure for Innovation,” says Cristian Munteanu, Partner Early Game Ventures. “Their concept proves vision and courage; goes beyond this transition period dominated by hybrid cars and small charging points from the gas stations. WATTO’s positioning is clear, different, and unique; the competitive advantage is distinct, the benefit to the client is immediate and easy to communicate. Also, their stake is a strategic one: to build an electrified and sustainable future.”