Oakland, California – May 3, 2022 – Today, FreeWire Technologies is pleased to be named a finalist in Fast Company’s 2022 World Changing Ideas Awards’ Transportation Category for its flagship product, the Boost Charger. The annual awards honor innovative corporate initiatives, clean technology, brave new designs for cities and buildings, and other creative works that are supporting the growth of positive social innovation, tackling social inequality, climate change, and public health crises.
“FreeWire is honored to have our Boost Charger recognized by Fast Company as a World Changing Idea,” said FreeWire CEO and Founder Arcady Sosinov. “As the United States and the world move towards electrified transportation, the most significant barrier to mass EV adoption is the electric grid. FreeWire’s technology is making it possible to deploy ultrafast charging just about anywhere, allowing new participants to enter the electric vehicle charging market more quickly and at a lower cost than previously possible.”
FreeWire Technologies is an industry leader in ultrafast, battery-integrated electric vehicle (EV) charging and energy management solutions. Just last month, FreeWire was named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2022.
“Fast Company relishes its role in amplifying important, innovative work to address big challenges,” says David Lidsky, interim editor-in-chief of Fast Company. “Our journalists have identified some of the most ingenious initiatives to launch since the start of 2021, which we hope will both have a meaningful impact and lead others to join in being part of the solution.”
FreeWire’s Boost Charger can connect to existing urban grids, making charging far more accessible to areas with higher population density. It has similar benefits in remote areas where power supplies tend to be less reliable. Boost Chargers have been installed in remote tourist locations like Homer, Alaska and the entrance to Rocky Mountain National Park in Colorado, bringing ultrafast EV charging to edge of the grid locations where it was not previously possible. The ability to accelerate EV adoption while accounting for the grid’s limitations may very well be the missing link in the energy transition to zero-emission EVs.
As FreeWire’s technology continues to stand out from the crowd, investors have taken note. Last week, FreeWire raised an additional $125 million in new capital from investors including asset manager BlackRock Inc.
About FreeWire Technologies
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 Charger 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.
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