FLO secures $136 million for North American EV charging network expansion

FLO, a Canada-headquartered EV charging network and infrastructure supplier, has secured $136 million in long-term capital, principally from a Series E equity financing led by Export Development Canada. 

Other participants were Caisse de dépôt et placement du Québec; Investissement Québec, as an agent of the Québec government; Business Development Bank of Canada; Energy Impact Partners; and MacKinnon, Bennett & Company.

The company’s largest funding round so far will support its expansion across North America as well as the rollout of the NEVI and Buy America-compliant FLO Ultra 320 kW charger and the next generation of FLO Home chargers.

“This financing will help FLO continue our work to deploy reliable, critically needed EV charging infrastructure across North America,” said Louis Tremblay, FLO President and CEO.  

Source: FLO

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