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FLO raises $139 million CAD in Series E to expand its EV charging network and product line

FLO raises $139 million CAD in Series E to expand its EV charging network and product line

06/11/24, 9:10 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgquébec
Money raised
$139 million
Round Type
series e
Investors
Mac Kinnon, Bennett & Company, Energy Impact Partners, Business Development Bank Of Canada, Investissement Québec, Caisse De Dépôt Et Placement Du Québec (Cdpq), Export Development Canada (Edc)
Québec City-based electric vehicle (EV) charging tech firm FLO has raised $139 million CAD in Series E equity financing to support its geographic and product line expansion. The majority of the round is equity financing, with a minority consisting of non-dilutive funding. The funding round was led by Export Development Canada (EDC), with support from several other investors.

Company Info

Company
FLO
Location
québec, quebec, canada
Additional Info
FLO is Canada’s largest electric vehicle (EV) charging network. We operate a comprehensive charging ecosystem that fulfills EV drivers’ needs wherever they may be—at home, at work or on the go—by ensuring a consistently simple and seamless experience. FLO offers smart home charging solutions for both single-family houses and multi-unit residential buildings, as well as access to thousands of public charging stations across the country. FLO also provides turnkey solutions to property managers, business owners, employers and municipal administrators who wish to support EV adoption by supplying charging services.

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