# FreeWire Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/freewire-technologies

- Industry: Energy Storage & Batteries
- Headquarters: San Leandro, US
- Website: www.freewiretech.com
- Total disclosed funding: $119M
- Latest round: Series D (Apr 26, 2022)
- Investors on record: 15

## About

FreeWire Technologies, Inc. develops advanced electric vehicle charging solutions, integrating efficient onboard battery storage to enable rapid deployment of charging infrastructure for fleet operators.Founded in 2014 and headquartered in San Leandro, US, FreeWire Technologies, Inc. specializes in innovative EV charging solutions. The company was co-founded by Arcady Sosinov, Jawann Swislow, and Richard Steele. FreeWire has raised a total of USD 29.32 mn in its latest Series E funding round on November 6, 2023, contributing to a total amount raised of USD 29.32 mn and a current company valuation of USD 200.11 mn.FreeWire Technologies, Inc. provides ultrafast electric vehicle (EV) charging solutions designed specifically for fleet operators, featuring onboard battery storage. These solutions enable quick installation of charging infrastructure, helping to overcome challenges such as high costs and long installation wait times. The company primarily serves commercial fleet operators in urban areas with limited power availability and regions lacking traditional charging infrastructure, allowing for deployment within days or weeks.FreeWire generates revenue through the direct sales of its ultrafast EV chargers and subscription services related to its Asset Management Platform (AMP), which provides ongoing management and monitoring. Transactions typically occur through business-to-business agreements, and pricing strategies are designed to be scalable, accommodating clients as their fleet sizes increase. Partnerships with utility companies may also be established to improve energy efficiency and costs, contributing to a steady revenue stream.In November 2023, FreeWire Technologies, Inc. secured USD 29.32 mn in Series E funding, part of a larger USD 44.12 mn round, which will be used to enhance product development and market expansion. The company aims to introduce new products focused on ultrafast charging technology and plans to enter additional geographic markets by 2024, targeting areas with growing EV adoption and infrastructure challenges.

## Funding rounds

- Series D, Apr 26, 2022, $15M — Riverstone Holdings, Daishin Private Equity, BP Ventures, Blue Bear Capital, Octave Ventures, GLY Capital
- Series C, Jan 22, 2021, $50M — Riverstone Holdings, BP Ventures, Alumni Ventures Group, TRIREC, Energy Innovation Capital
- Series B, Apr 23, 2020, $25M — Silicon Valley Bank, ABB Technology Ventures, BP Ventures, Energy Innovation Capital
- Series A, Dec 4, 2018, $15M — Volvo Car Corporation, BP Ventures, Alumni Ventures Group, TRIREC, Blue Bear Capital, Stanley Ventures, Oski Clean Energy Partners
- Series A, Dec 29, 2017, $5.7M — BP Ventures
- Series A, May 15, 2017, $7.6M — Stanley Ventures
- Seed, Oct 1, 2015 — Elemental Impact

## Investors

- Elemental Impact (https://capitalatlas.ai/funds/elemental-impact) — Seed
- Stanley Ventures (https://capitalatlas.ai/funds/stanley-ventures) — Series A
- BP Ventures (https://capitalatlas.ai/funds/bp-ventures) — Series A, Series B, Series C, Series D
- Volvo Car Corporation — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A, Series C
- TRIREC (https://capitalatlas.ai/funds/trirec) — Series A, Series C
- Blue Bear Capital (https://capitalatlas.ai/funds/blue-bear-capital) — Series A, Series D
- Oski Clean Energy Partners — Series A
- Silicon Valley Bank — Series B
- ABB Technology Ventures (https://capitalatlas.ai/funds/abb-technology-ventures) — Series B
- Energy Innovation Capital (https://capitalatlas.ai/funds/energy-innovation-capital) — Series B, Series C
- Riverstone Holdings (https://capitalatlas.ai/funds/riverstone-holdings) — Series C, Series D
- Daishin Private Equity (https://capitalatlas.ai/funds/daishin-private-equity) — Series D
- Octave Ventures — Series D
- GLY Capital (https://capitalatlas.ai/funds/gly-capital) — Series D