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FreeWire Technologies Raises $25 Million in Financing

Apr 23, 2020•over 5 years ago

Amount Raised

$25 Million

Oakland

Description

FreeWire Technologies, a pioneer in delivering flexible and future-proof power solutions for the grid edge, has announced the successful closing of $25 million Series B and venture debt financing. The round was led by existing investor, BP Ventures, together with new investors ABB Technology Ventures and Energy Innovation Capital. They were also joined by a number of other financial and strategic investors including Silicon Valley Bank.

Company Information

Company

Free Wire Technologies

Location

Oakland, California, United States

About

Founded in 2014, FreeWire Technologies is the leading manufacturer of battery-integrated EV charging stations and power solutions in the U.S. The Company’s fully-integrated Boost ChargerTM plugs into existing and ubiquitous low-voltage utility service and delivers high-power charging in areas that typically require extensive grid upgrades. The Boost Charger’s combination of proprietary battery and power conversion technology enables ultrafast EV charging at all locations, freeing customers from the costs of providing fast charging using power directly from the electric grid. FreeWire has deployed battery-integrated chargers with Fortune 100 companies, commercial customers, fleets, retail locations, and gas stations across the U.S. and has partnered with bp pulse to deploy Boost Charger in its operations across the UK. For additional information, please visit: https://freewiretech.com/

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