Announced
Completed
Financials
Sources
Tags
Acquisition
Single Bidder
Private Equity
Private
United States
Minority
Completed
Friendly
Domestic
electric vehicle charging infrastructure
electric vehicle charging
Mobility
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.