FreeWire Technologies, a developer of ultrafast electric vehicle (EV) charging and energy management solutions, 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.
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EV charging is developing exponentially. It is now a 30bnUSD market. growing annually at 20%. But ultra-fast charging comes with technical challenges as the impact on the local electricity networks are tremendous. We look at solutions with Arcady Sosinov.
(Bloomberg Opinion) As a shortage for electric car batteries looms, one thing has become increasingly clear: Outside China, the powerpack supply chain is scattered and incomplete.
FreeWire Expands Board of Directors and Appoints New Director of European Market Development and New VP of Advanced Technologies, to Strengthen Leading Position in Ultrafast Electric Vehicle Charging Market cadillacnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cadillacnews.com Daily Mail and Mail on Sunday newspapers.