TeraWatt raises $1B for American commercial EV charging centers

TeraWatt raises $1B for American commercial EV charging centers

TeraWatt Infrastructure says it has secured more than $1 billion of institutional capital to support the buildout of its fleet-focused charging centers and operations. The company says it expects to use the over $1 billion committed to accelerate its next phase of development and expansion, which is focused on the buildout of a growing portfolio of charging centers and adding talent to the team.

TeraWatt works with fleets across light-, medium-, and heavy-duty vehicles, leveraging a property portfolio that spans core metro areas, logistics hubs, and key highway corridors. The company says it develops and owns charging centers, bringing these online with in-house expertise and experience, enabling fleets to avoid capital expenditure and focus on their own operations.

You May Also Like

NaaS collaborates with Hyundai to expand EV charging in China

The partnership enables charging services, allowing owners to check charging status via a mobile app or center console.

NaaS-Hyundai

NaaS combined with Hyundai Motor Group (China) to develop a charging management service for Hyundai car owners. The company also said the two parties will aim to empower potential EV charging businesses via the partnership.

The NaaS and Hyundai partnership enables charging services on Hyundai vehicles, allowing owners to check charging status via a mobile app or center console.

Fisker to provide owners access to Tesla Supercharger Network

Fisker said the move will allow drivers to take advantage of Tesla’s 12,000 Supercharger stations in the U.S. and Canada.

Fisker tesla EV charging
EVgo expands Autocharge+ compatibility to Rivian models

With the addition of Rivian, there are now 30 eligible vehicle models that can be enrolled in Autocharge+.

Rivian-EVgo
Electrify America unveils 75MW Solar Glow 1 project

At peak capacity, the power drawn from the project is equivalent to charging 500 EVs simultaneously.

Electrify_America_Solar_Glow
Advanced Ionics raises $12.5M for green hydrogen production

Water vapor electrolyzer technology will help address the cost and electricity needed to produce green hydrogen.

BP hydrogen electrolyzer

Other Posts

NACFE’s electric trucking data reveals range, efficiency gains

Early data from electric trucks in the Run on Less-Electric DEPOT shows improved range and a decrease in charging needs.

Run-on-less-electric-depot
How seriously should shops take the EV wave?

Is it the right time for shops to invest in EV services? It isn’t easy to know for sure.

EV-Wave-Shops-1400
World record driver shows off what’s possible in an EV

Multiple-time Guinness World Record holder Rainer Zietlow delves into the challenges of long-distance and extreme-temperature EV driving.

Amped-hankook-1400
Volvo Trucks, Danfoss partner on 24-hour electric trucks

One of the Volvo trucks will operate 24 hours a day, five days per week, without significant charging downtime.

Volvo-Danfoss-partnership