FreeWire Technologies, a provider of “power solutions for the grid edge,” has closed a $25-million Series B and venture debt financing round, which was led by existing investor BP Ventures, together with new investors ABB Technology Ventures and Energy Innovation Capital. The financing will support the commercialization of FreeWire’s fast charging technologies. The company’s solutions… Read more »
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South Korea has fast chargers at 76 gas stations, is planning thousands more
No one can yet say exactly what the charging infrastructure of the future will look like, but there’s certainly logic in the idea of installing DC fast chargers at existing gas stations. A small but growing number of station operators in the US have installed fast chargers. Total, BP and Shell are experimenting with EV… Read more »
New report: Electric trucks and buses are a win-win-win
A new study quantifies what commercial EV-makers have been saying for years: electric trucks and buses are a triple win. They save money for fleet operators, and reduce both local air pollution and carbon emissions. Furthermore, in California (among other places), they generate jobs and economic benefits. American bus-builder Proterra is headquartered in Silicon Valley… Read more »
California to ban time-based billing for EV charging
California’s Office of Administrative Law has approved amendments to its Electric Vehicle Fueling Systems Specifications that will eventually ban public charging operators from billing by the minute in the state. The ban will apply to new Level 2 chargers beginning in 2021, and to new DC fast chargers beginning in 2023. Chargers installed before 2021… Read more »
Lightning Systems raises $41 million for electric powertrain production
Colorado-based Lightning Systems, a developer of electric drivetrains, has raised $41 million in a recent funding round led by BP Ventures. Private equity fund Cupola Infrastructure Income Fund contributed as a new investor. Lightning will use the funding to ramp up production of electric powertrains for Ford Transits, Ford E-450s, Ford F-59 step vans, Chevrolet… Read more »
Read past issues of Charged – Electric Vehicles Magazine
< Newer Issues Issue 40 – November/December 2018 Featuring: Churning out EVs: TDK has built a fully automated manufacturing line for its DC link capacitors Top circuit protection considerations for DC fast chargers, a new class of high-voltage consumer electronics Audi joins the class of 2019 with the e-tron PlugStar aims to break the EV… Read more »
New Jersey launches partnership to develop EV infrastructure
New Jersey Governor Phil Murphy has launched the New Jersey Partnership to Plug-In, which aims to develop EV infrastructure throughout the state and register 330,000 zero-emission vehicles by 2025. The partnership will be led by the state’s Board of Public Utilities, Department of Environmental Protection and Economic Development Authority. Each participating agency will oversee its… Read more »
Mobile EV chargers deliver power where it’s needed
A few companies have introduced mobile charging products to solve unique challenges. The perceived lack of ready access to charging stations is one factor that has limited consumers’ interest in buying electric vehicles. While the number and diversity of locations of EV charging stations are growing, thanks to networks such as Electrify America, chargers can… Read more »
Alliance Ventures invests in Chinese charging platform startup PowerShare
Alliance Ventures, the venture capital arm of Renault-Nissan-Mitsubishi, has invested an undisclosed amount in PowerShare, an EV charging platform startup based in China. PowerShare, which received investment from BP Ventures just weeks before this latest investment, offers an online platform that connects EV drivers, charge point operators, and power suppliers. The startup’s cloud-based system enables… Read more »
Volvo invests in mobile charging company FreeWire
Volvo has acquired a stake in San Francisco-based mobile charging company FreeWire Technologies via the Volvo Cars Tech Fund. While Volvo does not plan to own charging or service stations directly, it says the investment reflects its support for user-friendly charging options as electric mobility continues to grow. “To support wider consumer adoption of electric… Read more »