Terawatt Raises Over $1 Billion To Scale Commercial Ev Charging Centers Across America

TeraWatt Infrastructure (“TeraWatt” or the “Company”), a company powering electrified fleets with the most reliable network of charging centers, today announced that it has secured more than $1 billion of institutional capital to support the buildout of its fleet-focused charging centers and operations. Funds managed by Vision Ridge Partners have invested in TeraWatt alongside existing investors Keyframe Capital and Cyrus Capital, both of which have increased their commitments to the Company. The Company expects to use the over $1 billion committed to accelerate its next phase of development and expansion, which is focused on the buildout of a growing portfolio of charging centers and adding talent to the team to support this work.