Case Study:
has·to·be — The Biggest Startup Exit in Austria to Date (€250M)
has·to·be led the e-mobility market in Europe. The company achieved a market share of more than 30% with their comprehensive
operating system and innovative services.
Company Size:
> 150 Employees
Total Revenue:
> € 40m
Segment:
Scale-Up
Description:
Austrian startup has·to·be was the leading operator of charging infrastructure for electric vehicles in Europe. Established in 2013 with just two individuals, the company saw remarkable growth, expanding their team to over 250 employees and generating over €40M in revenue. In 2021, ChargePoint Inc. acquired has·to·be for €250M, marking Austria’s largest startup exit to date.
Using the AOA methodology helped us handle the enormous, fast scaling of our company. Executing our strategy together with our employees, and the resulting team commitment, enabled us to achieve Austria’s biggest startup exit.
AOA Positive Impacts
- Supported the company growth from 40 to 150+ team members in just two years.
- Increased team productivity by up to 40%.
- Enhanced team engagement to achieve quarterly goals.
- Broke down departmental silos, fostering cross-functional teamwork.
- Facilitated the company’s European market leadership by outperforming international competitors.
- Culminated in a significant €250M exit in 2021.