What does Freewire stand for?
OAKLAND, Calif., April 27, 2022 -- ( BUSINESS WIRE )-- FreeWire Technologies Inc. ("FreeWire" or "the Company"), a leader in ultrafast electric vehicle (EV) charging and energy management solutions, today announced it has raised $125 million in new capital.
What does Freewire’S $125 million investment mean for the industry?
The $125 million investment brings FreeWire’s total financing in its roughly eight-year history to about $225 million and will be used to boost manufacturing capacity, Chief Executive Arcady Sosinov said in an interview. “We need to expand much more significantly,” he said.
Why is Blackrock investing in Freewire technologies?
"BlackRock’s investment in FreeWire Technologies underscores our confidence in the company’s innovative product suite and its ability to accelerate EV adoption while mitigating the strain on the electric grid," said Steven Karpel, Managing Director, Fundamental Fixed Income at BlackRock.
Why choose Freewire’s boost charger?
Increase power output by 10-20X, at a fraction of the time and cost of deploying other ultrafast chargers. American Electric Power recently replaced a slow charger with FreeWire’s ultrafast Boost Charger in under three hours without significant cost or infrastructure upgrades.
What is Freewire technology?
FreeWire Technologies provides smart battery systems for EV charging and mobile distributed power. It provides clean, quiet mobile power, and fast charging that’s available and easy to deploy. The company's products deliver power wherever and whenever users need it, without the added costs of construction or infrastructure upgrades. The company merges designs with convenient services to electrify industries formerly dependent on fossil fuels. FreeWire customers can tackle new applications and execute new business models without the complexity of upgrading traditional energy infrastructure. The company is backed by venture capital firms and global fortune 500 companies. FreeWire Technologies was founded on 2014 and is headquartered in San Leandro, California.
Where is Freewire headquartered?
FreeWire Technologies was founded on 2014 and is headquartered in San Leandro, California.
What is BrightSource Energy?
BrightSource Energy designs and builds utility-scale solar power plants to help companies lessen their dependency on fossil fuels.
FreeWire Technologies Comparisons
Manufacturer of mobile electric charging systems intended to electrify industries formerly dependent on fossil fuels. Th
FreeWire Technologies Signals
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Funding
FreeWire Technologies has raised a total of $105.2M in funding over 13 rounds. Their latest funding was raised on Jan 26, 2021 from a Series C round. FreeWire Technologies is funded by 23 investors. Energy Innovation Capital and BP Ventures are the most recent investors.
Funding Rounds
FreeWire Technologies has raised a total of $105.2M in funding over 13 rounds. Their latest funding was raised on Jan 26, 2021 from a Series C round.
Investors
FreeWire Technologies is funded by 23 investors. Energy Innovation Capital and BP Ventures are the most recent investors.
Post-Money Valuation Data by PrivCo
FreeWire Technologies has a post-money valuation in the range of $1B to $10B as of Feb 2, 1981, according to PrivCo. Sign up for a free trial to view exact valuation and search companies with similar valuations. UNLOCK PREMIUM DATA WITH DATABOOST ❯
How long does it take for a freewire battery to charge?
Its products can fully charge an EV battery in 20 to 30 minutes.
How many ultrafast charging stations will be there by 2025?
It has said it aims to have more than 2,500 ultrafast charging stations by 2025, and has an agreement with BP to install chargers in the U.K. The company in May named Michael Beer, a former Luminar Technologies Inc. executive, as chief financial officer.
Is Freewire going public?
(Bloomberg) -- FreeWire Technologies Inc., an electric-vehicle charging and power startup, is in talks to go public through a merger with DHC Acquisition Corp., a blank-check firm, according to people with knowledge of the matter.
What is Freewire technology?
FreeWire’s technology allows for seamless replacement of legacy slow and Level 2 EV chargers with ultrafast chargers in a matter of hours.
What is Freewire charging?
FreeWire’s products enable the scalable deployment of ultrafast electric vehicle charging – in a fraction of the time and cost it would take for conventional charging solutions. The unique combination of battery technology, power conversion technology, and software provides retail, fleet, utility, and municipal customers a flexible and fully-integrated solution that lowers costs, optimizes electric vehicle charging, and unlocks energy services to lower energy bills and increase resiliency.