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VisonRidge investment takes TeraWatt to over $1bn in funds raised

TeraWatt Infrastructure (TeraWatt), provider of a network of charging centres for electrified vehicle fleets, has now secured more than $1 billion of institutional capital following an investment by funds managed by Vision Ridge Partners.

Existing investors Keyframe Capital and Cyrus Capital, both of which have increased their commitments to the Company, also particpated.

The Company expects to use the funding to accelerate its next phase of development and expansion, which is focused on the buildout of a growing portfolio of charging centres and adding talent to the team to support this work.
  
Launched out of stealth in May 2021, TeraWatt’s purpose-built platform combines an 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 charging infrastructure necessary to operate at scale. TeraWatt’s Charging Centres provide reservable and reliable space as well as high-power charging levels at optimal locations for commercial electric vehicle fleets.
  
TeraWatt works with fleets across light, medium, and heavy-duty vehicles, leveraging a property portfolio that spans core metro areas, logistics hubs, and key highway corridors. The Company develops and owns charging centres, bringing these online with in-house expertise and experience, enabling fleets to avoid capital expenditure and focus on their own operations.
 

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