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Freewire Technologies Announces $125 Million Series D Financing To Accelerate Deployment And Development Of Next-Gen Ev Charging Technology And Energy Management Services

Apr 27, 2022•over 3 years ago

Amount Raised

$125 Million

Round Type

series d

Oakland

Description

FreeWire Technologies Inc. (“FreeWire” or “the Company”), a leader in ultrafast electric vehicle (EV) charging and energy management solutions, today announced it has raised $125 million in new capital. The financing consists of a Senior Convertible Note provided exclusively by funds and accounts managed by BlackRock Financial Management, Inc. and a concurrent equity raise with institutional and strategic investors such as bp ventures, Riverstone Holdings, Octave Ventures, Gly Capital Management, Blue Bear Capital, and Daishin Private Equity amongst others.

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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