April 27, 2022

EV-Charging Startup FreeWire Raises $125 Million From Investors Including BlackRock

FreeWire Technologies Inc. said it has privately raised $125 million from investors including asset manager BlackRock Inc. to increase supply of its electric-vehicle chargers.

Oakland, Calif.-based FreeWire makes chargers that include embedded batteries for energy storage, a feature that the company says brings down costs and easily integrates with existing electric grids. The batteries and its software will enable FreeWire to also function as a clean-energy storage and services business. That will allow customers such as gas stations to manage their electricity usage and send excess power back to the grid, it says.

Mailing List

Be the first to receive the latest news, events, and special offers.

© 2014-2024 FreeWire Technologies, Inc.
All worldwide rights reserved. Web Policies
Made in California, USA