FreeWire Technologies Raises $25 Million: ABB Joins The Board

FreeWire secured financing and is ready to launch flexible DC fast chargers with integrated batteries.

FreeWire Technologies, provider of the flexible charging solutions, has announced the successful closing of $25 million Series B and venture debt financing.

The latest round was led by existing investor, BP Ventures, but the company attracted also new names, including ABB Technology Ventures and Energy Innovation Capital. Representatives from both companies concurrently join FreeWire’s Board of Director.

According to the press release, FreeWire intends to use the cash injection to support the commercialization of infrastructure-light ultra-fast charging solutions.

Besides the mobile Mobi EV Charger (Level 2 AC station with own battery pack) and Mobi Gen mobile power source (80 kWh battery pack with various outlets), in late 2019 FreeWire expanded its offer also to stationary chargers.

FreeWire Mobi EV Charger