TeraWatt Infrastructure has raised more than $1 billion to build electric vehicle charging centers across the United States.
The company focuses on powering electrified fleets of cars and trucks with a network of solar-powered charging stations.
Funds managed by Vision Ridge Partners have invested in TeraWatt alongside existing investors KeyframeCapital and Cyrus Capital, both of which have increased their commitments to the company.
The company expects to use money to accelerate its next phase of development and expansion, which is focused on the buildout of a growing portfolio of charging centers and adding talent to the team to support this work.
“The future of electrified transport is at a critical inflection point, whereby solutions for large-scale EV charging infrastructure must be established to meet the increasing demand for electrification of all fleets,” said Paul Luce, Managing Director at Vision Ridge Partners. “We are thrilled to support TeraWatt, a distinctive platform with transformational permanent solutions for organizations seeking to continue operating their fleets while decreasing their carbon footprint.”
Launched in May 2021, TeraWatt is accelerating the decarbonization of transport with a purpose-built platform that combines a robust EV charging-focused property portfolio, asset financing capabilities, project development, and charging and energy management expertise.
The Company acquires properties in locations strategically relevant to fleets and develops the energy and charg …