BP invests in mobile charging company FreeWire

BP’s venture capital arm has invested $5 million in FreeWire Technologies, a San Francisco-based manufacturer of mobile rapid charging systems, and plans to roll out FreeWire’s Mobi Charger units at selected BP retail sites in the UK and Europe during 2018.

“Mobility is changing, and BP is committed to remaining the fuel retailer of choice into the future,” said Tufan Erginbilgic, Chief Executive of BP Downstream. “EV charging will undoubtedly become an important part of our business, but customer demand and the technologies available are still evolving. Using FreeWire’s mobile system we can respond very quickly and provide charging facilities at forecourts where we see the greatest demand without needing to make significant investments in today’s fixed technologies and infrastructure.”

“The Mobi Charger can be quickly and cost-effectively scaled across vast transportation networks – flexibility that delivers benefits all along the EV charging value chain,” said Arcady Sosinov, CEO of FreeWire.

 

SEE ALSO: BP may install more EV chargers at gas stations

 

Source: BP