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
FreeWire Mobi Gen
FreeWire Mobi Gen
The FreeWire Boost Charger is a 120 kW DC fast charger – dual-head (CHAdeMO and CCS Combo) – equipped with its own 160 kWh battery pack.
Having its own ESS allows installing the charger even in places where the available power is limited and significantly lower the installation cost as well as demand tariffs for peak power connected from the grid.
Sales of those units to start in Q2 2020.
“FreeWire’s Boost Charger is a powerful battery-integrated electric vehicle charger. Easy to connect with existing infrastructure, it can be set up without costly construction or permitting. With 160 kWh of battery capacity and 120 kW output, Boost Charger is ready for current and next generation EVs. Boost Charger enables ultrafast charging using the same infrastructure as L2 chargers at up to a 40% lower cost of installation versus other fast chargers. Deliver high-quality power while significantly reducing demand charges with Boost Charger’s battery-integrated platform.”
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