Vision Ridge Partners led a $1bn funding round in TeraWatt.

Vision Ridge Partners, a private equity firm, led a $1bn funding round in TeraWatt, a company powering electrified fleets with the most reliable network of charging centers, with participation from Keyframe Capital and Cyrus Capital. “Fleets are electrifying faster than ever, and we have been hard at work planning, building charging centers, and scaling up to make this transition easier for fleets. We are thrilled to receive this additional capital commitment from Keyframe Capital and Cyrus Capital, along with new support from Vision Ridge, which is well-recognized for its track record of investing in and growing EV charging platforms. We look forward to continuing to build on our market position, leveraging their collective investment to move even faster in providing solutions for the rapidly growing category of EV charging," Neha Palmer, TeraWatt Co-Founder and CEO.