FreeWire Technologies, a San Leandro, Calif.-based provider of flexible and future-proof power solutions for the grid edge, closed a $15m Series A financing.
The round was led by BP Ventures, with participation from Volvo Cars Tech Fund, Stanley Ventures, Blue Bear Capital, Oski Clean Energy Partners, Strawberry Creek Ventures, Spike Ventures, TRIREC, and others.
The company intends to use the funds for the commercialization of its ultrafast EV charging and mobile on-site power technologies, along with expansion of operations and sales teams.
Led by Arcady Sosinov, CEO, FreeWire builds power infrastructure-light EV charging and mobile power solutions. Its Mobi Charger product line offers mobile EV chargers that can be deployed to shift with the rapidly changing EV landscape. The Mobi Gen product line offers clean and quiet on-site power to substitute or supplement the use of diesel generators for a variety of remote power needs.