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Funding led by energy private equity firm Riverstone Holdings accelerates FreeWire s international expansion of its battery-integrated ultrafast EV chargers.
FreeWire Technologies, a leader in electric vehicle (EV) charging and power solutions, has announced a $50 million Series C funding round today, led by Riverstone Holdings (Riverstone), with participation from current shareholders bp ventures, Energy Innovation Capital, TRIREC, and Alumni Ventures Group. The investment by Riverstone, a top energy private equity firm, marks the first private equity investment in FreeWire and highlights the importance of battery-integrated charging technology to meet the rapidly growing demand for EV charging solutions.
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News Category Global Banking & Finance Reviews
ACI Worldwide Selected to Participate in Federal Reserve’s Pilot Program for its Upcoming Real-Time Payments Offering the FedNow Service
ACI Worldwide Selected to Participate in Federal Reserve’s Pilot Program for its Upcoming Real-Time Payments Offering the FedNow Service
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, today announced that it has been selected by the Federal Reserve Banks to participate in the pilot program for its upcoming FedNow Service, a new real-time payments service. The program will support development, testing and adoption of the new service.
London, UK (13 January 2021). RIGL Holdings, LP ( Riverstone ), the Manager of Riverstone Energy Limited ( REL ), has announced the signing of an agreement for REL to invest $25 million in Loanpal, LLC ( Loanpal ), the leading sustainable home improvement fintech provider used in over half of US residential solar system sales. Riverstone Global Energy & Power Fund VI also participated in the transaction, investing $50 million for a total investment of $75 million from Riverstone affiliated investment vehicles. Loanpal is a San Francisco based technology-enabled sustainable home improvement loan originator, providing a point-of-sale lending platform used by key residential contractors. Loanpal does not take funding risk, the company presells its originated loans via forward purchase agreements to large funds managed by asset managers including Blackstone and Goldman Sachs. The company s attractive unit economics and asset-light business model allow f