OAKLAND, CA, FreeWire Technologies, a leader in ultrafast electric vehicle (EV) charging and energy solutions, has raised $125 million in new capital.
FreeWire Technologies, a leader in ultrafast electric vehicle (EV) charging and energy management solutions, 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.
FreeWire Technologies builds future-proof power solutions that transcend the limitations of existing infrastructure to meet customers' growing needs for rapid, cost-efficient power - wherever it's needed. With FreeWire's infrastructure-light EV charging and mobile power solutions, FreeWire customers can tackle new applications and deploy new business models without the complexity of traditional energy infrastructure. FreeWire's Mobi Charger product line offers mobile EV chargers that can be quickly deployed to shift with the rapidly changing EV landscape. FreeWire's Mobi Gen product line offers clean and quiet on-site power to substitute or supplement the use of diesel generators for a variety of remote power needs.
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