Terawatt Raises Over $1 Billion To Scale Commercial Ev Charging Centers Across America
09/13/22, 1:01 PM
Location
san franciscoMoney raised
$1 billion
Industry
solar
energy
electric vehicle
fleet management
automotive
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.
Company Info
Location
san francisco, california, united states
Additional Info
The company focuses on powering electrified fleets of cars and trucks with a network of solar-powered charging stations. The company expects to use money 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. The company develops and owns charging centers and brings them online with in-house expertise and experience, enabling fleets to avoid capital expenditure and focus on their own operations.