Swedish Waterfall Energy is making inroads into the German electric vehicle market

Swedish business Waterfall Energy is making inroads into the German electric vehicle services market and is in talks with automakers for further efforts to secure a place among major players
.

Swedish Waterfall Energy is making inroads into the German electric vehicle market

Tuomo Hatakka, a member of the board of directors of Waterfall Energy, said the company's goal is to provide charging solutions for private customers and the company's fleet, adding that public infrastructure is also a possible source of
revenue.
Hatakka himself drives an all-electric BMW i3
.

So far, Waterfall Energy has installed between 9,000 and 10,000 charging points in Sweden, the Netherlands and Germany, and plans to spend most of the SEK 3.
1 billion on new technologies for electric vehicles
.

"We are trying to understand the market and are in talks
with all relevant players.
" Hatakka told Reuters
.

In Germany, leading operators Innogy, E.
ON and EnBW are eager to take advantage of the surge in demand for charging stations and electricity resulting from the massive deployment of battery electric vehicles
.

Waterfall Energy has reached an agreement with Geely Automobile this year to help car owners charge their vehicles at home, while Hatakka said a partnership
with the German manufacturer cannot be ruled out.

Germany is the main market for Waterfall Energy, accounting for 38%
of the group's underlying operating profit last year.
The Group plans to invest SEK 4 billion in Germany in 2018 and 2019
.

Fallwater Energy has achieved a net addition of about 100,000 gas and electricity customers in Germany this year, bringing the total to about 3.
5 million, up from about 2.
6 million
a decade ago, Hatakka said.

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