EV-Charging Startup FreeWire Raises $125 Million From Investors Including BlackRock

Wall Street Journal

FreeWire Technologies Inc. said it has privately raised $125 million from investors including asset manager  to increase supply of its electric-vehicle chargers.

Oakland, Calif.-based FreeWire makes chargers that include embedded batteries for energy storage, a feature that the company says brings down costs and easily integrates with existing electric grids. The batteries and its software will enable FreeWire to also function as a clean-energy storage and services business. That will allow customers such as gas stations to manage their electricity usage and send excess power back to the grid, it says.

Read the full article in Wall Street Journal.