FreeWire Technologies, an Oakland, CA-based provider of battery-integrated electric vehicle (EV) charging stations and energy management solutions, acquired Mobilyze.ai, a Cambridge, MA-based provider of a platform that uses artificial intelligence to help site hosts strategically place fast-charging stations to maximize their return on investment.
The amount of the deal was not disclosed.
Mobilyze.ai’s EV charging analytics and prediction platform adds capabilities to FreeWire’s suite of service offerings to help site hosts make data-driven decisions regarding charging station deployment. The Mobilyze.ai integration will give FreeWire customers more resources to meet their business objectives and support the rapid buildout of charging infrastructure worldwide. As part of the acquisition, Mobilyze.ai’s founders, David Keith and James Long, are joining FreeWire’s product management team.
Founded in 2019 by a team of MIT researchers, Mobilyze.ai aims to solve the problem of access to EV charging using location analytics and infrastructure finance so that investors make money, and EV drivers get an ownership experience that is better than filling up a gasoline vehicle today.
Founded in 2014, FreeWire Technologies is a company providing EV charging and energy management solutions solving grid infrastructure constraints and supporting the global transition to electric vehicles. FreeWire products are used by Fortune 100 companies, commercial and utility customers, fleets, retail locations, and gas stations across North America and Europe.
FinSMEs
12/12/2022