WAAT

What WAAT does

WAAT is a French EV charging infrastructure operator founded in 2018 and headquartered in Paris, specializing in the design, financing, deployment, and long-term operation (20-year exploitation commitments) of IRVE-compliant charging stations for multi-unit residential housing, social housing providers, and enterprise fleet customers. Its core platform combines connected charging hardware (OCPP-interoperable, with embedded 4G SIMs for real-time supervision), a proprietary cloud-based supervision system enabling remote diagnostics and predictive maintenance, dynamic load balancing to optimize power distribution without grid upgrades, and the MyWAAT mobile application (40,000+ active users, iOS and Android) that serves as the unified interface for charging control, scheduling, consumption tracking, and integrated payment. As of 2025 the company had installed more than 30,000 charging stations across 4,000+ co-owned buildings, serving over 1 million co-owners, with partnerships spanning 500+ property management firms (Foncia, Citya, Nexity), 50+ social housing providers (Polylogis, Erilia, Foncière Logement), and enterprise clients including Sanofi, SUEZ, Air Liquide, BPCE, and Chronopost.

Revenue is generated through a hybrid model: subscription and per-kWh usage fees on 20-year exploitation contracts (Opex model) for enterprise and social housing clients; one-time hardware sales plus bundled subscriptions for individual borne buyers via the waathome.fr e-commerce channel; and a Capex purchase model for enterprise clients who prefer to own the infrastructure. Tier-financing arrangements with Logivolt (Caisse des Dégial des Dégial subsidiary) and ADVENIR subsidies enable 100%-funded deployments for co-ownership and social housing clients, removing upfront cost barriers and serving as a key deal-closure mechanism. The November 2025 WAAT-Ekivolt sub-metering offering extends the enterprise product line with per-user consumption measurement and CSRD reporting compliance.

WAAT has raised €130 million in total funding (€30M from RAISE Impact in November 2022; €100M in September 2025 co-led by DWS Group and Bpifrance, with RAISE Impact participating), reaching a €500 million post-money valuation. The 2025 round was the only greentech mega-round above €100M in France that year and is funding European expansion into Austria, Belgium, Germany, Spain, Italy, the Netherlands, and the United Kingdom, alongside a target of 250,000 active charging points by 2030. Institutional recognition includes French Tech 120, direct Impact 40 admission, and EcoVadis Silver certification (top 15%, December 2025).

Name

WAAT

Legal name

WAAT, SAS

Website

https://waat.fr

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

251–500 employees

Short description

WAAT is a Paris-based operator of EV charging infrastructure founded in 2018, serving co-ownership buildings, social housing providers, and enterprise fleets across France with connected charging stations, the MyWAAT mobile app, and 20-year operated-service contracts financed via Logivolt and ADVENIR.

Ownership category

akta.pro rank

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Charging Station Infrastructure as a Service (Subscription + Usage): WAAT designs, finances, deploys, and operates charging infrastructure under long-term contracts (20-year exploitation commitments). Revenue is generated through recurring subscription fees from customers (bornes connectées) and per-kWh consumption charges. For co-ownership clients, infrastructure is often 100% funded through third-party financing (Logivolt + ADVENIR subsidies), with residents paying individually for their borne subscription.
2. Individual Charging Station Sales (Hardware + Service): Individual residents purchase their own charging station (borne individuelle) directly from WAAT, receiving a subscription to the MyWAAT service, supervision, and maintenance bundled in. Prices are reduced by ADVENIR subsidies of up to €1,000 (from April 2026, increased from €600).
3. Enterprise Fleet & Corporate IRVE Solutions: WAAT provides multi-site enterprise clients with fully operated charging infrastructure. Clients can choose a Capex model (purchase the infrastructure) or Opex model (monthly rental including hardware, installation, and exploitation). Pricing is TCO-based over 5, 10, or 20 years. Additional revenue from submetering services and RSE reporting.
4. Third-Party Financing (Tiers-Financement) Intermediation: WAAT acts as intermediary for tier-financing arrangements with Logivolt (Caisse des Dépôts subsidiary) and manages ADVENIR subsidy applications on behalf of clients. While these are not direct revenue, they enable deal closures by removing upfront cost barriers for customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

WAAT is a full-stack French EV charging infrastructure operator (opérateur IRVE) that designs, finances, deploys, and operates connected charging stations for residential collective housing, social housing, property managers, and enterprise fleet customers. The offering pairs IRVE-certified hardware with the MyWAAT mobile/cloud supervision platform under 20-year exploitation contracts, supported by tier-financing partnerships that enable zero-upfront-cost deployments for clients.

Product overview

WAAT is an EV charging infrastructure operator (opérateur IRVE) offering a unified platform combining connected charging hardware, the MyWAAT mobile application, and comprehensive managed operator services. The core platform spans three segments: residential collective housing (copropriété), social housing (bailleur social), and enterprise (entreprise). The MyWAAT application serves as the unified interface for all segments—enabling remote station control, consumption monitoring, smart off-peak scheduling, and wallet-based payment—while the IRVE operator infrastructure provides 24/7 supervision, maintenance, and billing services under 20-year contractual commitments. The November 2025 WAAT-Ekivolt sub-metering offering extends the enterprise solution with granular per-user and per-vehicle consumption tracking for CSRD compliance. Products include physical charging stations (AC 3.7–22 kW and DC fast charging) sold via waathome.fr, the MyWAAT SaaS platform (free, included in subscription), and operator services bundled under long-term exploitation contracts.

Differentiator

Problem solved

Functional benefit

Brands

• MyWAAT: Mobile application for EV charging management - allows users to start, schedule, and monitor charging sessions, access 500,000+ public charging points across Europe, and manage payments via digital wallet.

Products and services

• IRVE Operator Infrastructure Service (Infrastructure de Recharge pour Véhicules Électriques) Full-stack operator service covering the complete lifecycle of EV charging infrastructure: technical study, financing assembly, installation by IRVE-certified electricians, 24/7 supervision, maintenance, and end-user billing. Contractual exploitation commitment of 20 years. Covers collective housing (copropriété), social housing (bailleur social), and enterprise segments.
• MyWAAT Mobile Application Mobile application serving as the unified user interface across all WAAT segments. Enables remote charging session control, real-time consumption monitoring, smart scheduling for off-peak charging, integrated digital wallet for payments, and access to 500,000+ public charging stations across Europe. Available on iOS and Android with 40,000+ active users.
• WAAT Copropriété (Residential Collective Housing) Solution Infrastructure and service package for residential collective housing. Features €0 residual cost for the co-ownership (via Logivolt and ADVENIR subsidies), individual charging stations installed on demand without new assembly votes, real-time connected stations, and MyWAAT app for residents. Covers technical study, AG presentation, works execution, and compliance (Consuel, NF C 15-100).
• WAAT Syndic (Property Manager) Solution Turnkey service for property management companies managing collective housing portfolios. WAAT handles the entire IRVE project from technical study and AG presentation through works execution and ongoing exploitation. Property manager retains decision-making authority at each step while WAAT manages execution. Features dedicated account manager, legal support for opposition handling, and automated quarterly reporting on equipment rates and resident satisfaction.
• WAAT Entreprise (Enterprise Fleet) Solution Multi-site EV charging infrastructure service for businesses. Covers on-site charging, employee home charging via WAAT360, and access to 500,000+ public stations across Europe. Features 24/7 supervision, automated expense reporting and AEN calculation, CSRD compliance reporting, LOM law and Tertiary Decree conformity, and flexible CapEx/OpEx financing models with TCO visibility over 5, 10, and 20 years.
• WAAT Bailleur Social (Social Housing) Solution Large-scale industrial deployment of EV charging infrastructure across social housing portfolios. Financed up to 100% via Logivolt and ADVENIR subsidies. Single contract, coordinated multi-site rollout, standardized methodology. Dedicated property manager dashboard and tenant support. Targets 2 million+ parking spaces to equip in France.
• WAAT-Ekivolt Enterprise Sub-metering Offering Joint offering combining WAAT connected charging stations with Ekivolt sub-metering technology. Provides precise per-user, per-vehicle, or per-department energy consumption measurement, automated invoicing, and CSRD sustainability reporting. Addresses January 2025 legal requirement for individual consumption metering in enterprises.

Quantifiable outcome

• 18,000 tonnes of CO₂ avoided annually (certified by Carbone 4)
• +6 more outcomes

Named customers20 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• EkivoltcoreTechnology or Integration · 1 September 2025WAAT partnered with Ekivolt to launch a joint charging solution featuring individual sub-metering (sous-comptage) for enterprise clients. The integration enables precise per-user, per-vehicle, and per-department consumption measurement, automated billing, AEN (avantage en nature) calculation, and compliance with CSRD/ESG reporting requirements. This became mandatory for enterprises from January 2025.
• EnediscoreStrategic or Co-development Partner · 1 January 2018Enedis (France's electricity distribution network operator) has been WAAT's certified partner since 2018. The partnership enables streamlined processing of grid connection applications for IRVE installations, giving WAAT faster connection timelines and higher approval rates than the market average. WAAT handles a significant share of France's national collective housing IRVE connection requests.
• Logivolt (Caisse des Dépôts)coreStrategic or Co-development PartnerLogivolt, a 100% subsidiary of the Caisse des Dépôts, acts as the tier-investor (tiers-financeur) for WAAT's infrastructure projects, enabling co-ownership buildings and social housing providers to access 100% financing of their charging infrastructure. This partnership is the cornerstone of WAAT's ability to offer zero-cost infrastructure to clients.
• ADVENIRcoreStrategic or Co-development PartnerADVENIR is the principal national financing program for EV charging infrastructure in France, managed by Avere-France under the Certificats d'Économies d'Énergie framework. WAAT is a certified ADVENIR operator (opérateur habilité), managing subsidy applications on behalf of clients and directly deducting subsidies from invoices. ADVENIR subsidies cover up to 50% of borne costs (capped at €1,000 from April 2026) for individual installations.
• EkwateurminorStrategic or Co-development PartnerEkwateur supplies 100% renewable electricity (wind, solar, hydro) to WAAT's charging installations. Enterprises can declare near-zero carbon footprint charging for their Scope 2 emissions via this partnership, supporting CSRD and ESG reporting.
• Avere-FranceminorStrategic or Co-development PartnerAvere-France is the French EV industry association that manages the ADVENIR subsidy program. WAAT is an active partner and operator within the ADVENIR ecosystem.
• ConsuelminorStrategic or Co-development PartnerConsuel is the official French body that issues conformity attestations required for the commissioning of any EV charging station. WAAT works with Consuel on every installation to ensure compliance with NF C 15-100 standards.
• Bureau VeritasminorStrategic or Co-development PartnerBureau Veritas supports WAAT with technical and regulatory validation of its IRVE installations, providing third-party conformity testing and certification services.
• DEKRAminorStrategic or Co-development PartnerDEKRA provides international technical expertise and certification services to guarantee the conformity and safety of charging infrastructure deployed by WAAT.
• Logivolt (Caisse des Dépôts)coreStrategic or Co-development PartnerLogivolt, a 100% subsidiary of the Caisse des Dépôts, is WAAT's tier-investor partner enabling 100% financing of charging infrastructure for social housing and co-ownership buildings.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• ZePlug: French EV charging infrastructure operator specializing in residential collective housing (copropriétés and social housing) with a similar tier-financing model. Direct competitor in WAAT's core market segment.
• Qovoltis: French EV charging operator focused on residential and small business segments, offering connected charging solutions with smart energy management features. Closely comparable to WAAT's multi-segment operator model.
• Bornes Solutions (Everon): French EV charging infrastructure operator (now part of Everon group) targeting residential collective housing, social housing, and enterprise fleets. Direct competitor with overlapping value proposition.

Broad incumbents

• TotalEnergies: Global energy major increasingly active in residential and public EV charging across France and Europe. Offers overlapping capabilities via subsidiary offers but is a broad player, not specialized in WAAT's residential collective housing niche.
• EDF (IZIVIA): EDF's subsidiary IZIVIA operates public and private EV charging infrastructure across France. Comparable as a French energy incumbent entering charging, though focused more on public/fleet than residential collective housing.
• Allego: European EV charging network operator (publicly listed via SPAC merger) offering charging solutions across multiple countries. Comparable as a multi-country charging operator but with public-network focus rather than WAAT's residential specialization.
• ChargePoint: US-based EV charging network operator providing hardware and software solutions across commercial, fleet, and residential segments. Comparable in offering an end-to-end operated charging platform, though more weighted to North American commercial.

Emerging players

• Wallbox: EV charging hardware and software provider expanding into residential and bi-directional charging solutions. Comparable in offering connected charging solutions for residential and small business segments with app-based user experience.

Regional players

• EnBW (enercity, SMATRICS): German energy company operating EV charging infrastructure (EnBW mobility+) across Germany and Europe. Comparable as a vertically integrated utility-backed charging operator but primarily DACH-focused and not active in France.

Others

• Syndics de copropriété (e.g., Foncia, Nexity) — Customer/Channel: French property management firms are both customers and distribution channels for WAAT; they themselves are adjacent ecosystem participants that influence charging infrastructure adoption across managed residential portfolios.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Waat_officiel
• LinkedInlinkedin.com/company/waat-officiel
• Xx.com/Waat_officiel

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WAAT