Global Infrastructure SherpaFidelity Investments Participates in $100 Million Series B Funding for Electric Vehicle Charging Network TeraWatt Infrastructure
TeraWatt Infrastructure, a company building charging centers for electric fleets, raised $1 billion in equity and debt, with Fidelity Investments participating in the $100 million Series B funding round. The funding will support the development of charging infrastructure across the United States.
Source Intelligence
TeraWatt emerged from stealth in May 2021. Quote: If you’ve never heard of TeraWatt, you probably aren’t alone — that’s because the company just emerged from stealth in May 2021.
"EV charging company TeraWatt raises $1B - FreightWaves"
"The massive raise was led by Vision Ridge Partners, with participation from existing investors Keyframe Capital and Cyrus Capital."
"The massive raise was led by Vision Ridge Partners, with participation from existing investors Keyframe Capital and Cyrus Capital."
"The massive raise was led by Vision Ridge Partners, with participation from existing investors Keyframe Capital and Cyrus Capital."
"General Motors, for example, said in July that it plans to build a coast-to-coast EV charging network with travel operator Pilot."
"General Motors, for example, said in July that it plans to build a coast-to-coast EV charging network with travel operator Pilot."
"At the same time, young EV charging companies like ChargePoint and Tritium have made their names known in the industry, which is rife with funding from institutional investors."
"At the same time, young EV charging companies like ChargePoint and Tritium have made their names known in the industry, which is rife with funding from institutional investors."