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§ Private Profile · Newark, CA, USA
Developer of ultrafast EV chargers and smart battery systems for commercial customers, fleets, retail sites, and gas stations.
FreeWire Technologies has raised $225.0M across 6 funding rounds.
Key people at FreeWire Technologies.
FreeWire Technologies has raised $225.0M in total across 6 funding rounds.
Newark, California-based FreeWire Technologies develops fully-integrated ultrafast electric vehicle chargers and smart battery systems for commercial power solutions. The company provides clean and quiet mobile power and fast-charging hardware designed for rapid deployment across retail sites, commercial fleets, and traditional gas stations. Its business model focuses on selling these proprietary hardware solutions directly to commercial operators seeking to expand their electric charging networks. The firm's enterprise customer base includes Fortune 100 companies, with notable hardware deployments for corporate partners such as bp pulse and ampm convenience stores. In January 2021, the organization closed a $50 million Series C venture capital funding round led by Riverstone Holdings, alongside strategic investors including bp ventures and Energy Innovation Capital. Originating as a UC Berkeley class project, the company was founded in 2014 by Arcady Sosinov and Rich Steele.
FreeWire Technologies has raised $225.0M in total across 6 funding rounds.
FreeWire Technologies's investors include Steven Karpel, Robert Tichio, Alumni Ventures, BP Ventures, Kevin Skillern, TRIREC, Daniela Proske, Frank Muehlon, Benjamin Stanzl, Silicon Valley Bank, Chad Bown, Stanley Ventures.
Key people at FreeWire Technologies.
FreeWire Technologies has raised $225.0M across 6 funding rounds. Most recently, it raised $125.0M Other Equity in April 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 27, 2022 | $125M Venture Round | Steven Karpel | — | Announced |
| Jan 26, 2021 | $50M Series C | Robert Tichio | Alumni Ventures, BP Ventures, Kevin Skillern, Trirec | Announced |
| Apr 23, 2020 | $25M Series B | Daniela Proske | Frank Muehlon, Benjamin Stanzl, Silicon Valley Bank | Announced |
| Dec 1, 2018 | $15M Series A | Chad Bown | Stanley Ventures, Blue Bear Capital, Oski Clean Energy Partners, Spike Ventures, Trirec, Zaki Fasihuddin | Announced |
| Sep 1, 2017 | $8M Series A | — | Stanley Ventures | Announced |
| Dec 1, 2015 | $2M Seed | — | Center Electric, M34 Capital, Stanley Ventures, Team Ignite Ventures, Abhas Gupta, JAY Adelson | Announced |
FreeWire Technologies is a private technology company founded in 2014 and headquartered in San Leandro, California, specializing in battery-integrated electric vehicle (EV) charging solutions that enable rapid deployment without major grid upgrades.[1][2] It builds products like the Boost DC fast charger (up to 200 kW for one EV or 100 kW each for two) and Mobi Charger (mobile Level 2/3 charging), alongside the Mobi Gen for quiet, diesel-replacing power generation, primarily using second-life EV batteries.[2][3] Serving EV fleet operators, public charging networks, and industries shifting from fossil fuels, FreeWire solves high infrastructure costs and deployment delays by integrating onboard storage for flexible, turnkey power—deployed in the US, Canada, Europe, Japan, and planned for more markets.[1][2][4] The company shows growth through international expansions and commercial pilots, positioning it in the booming EV infrastructure sector.[3]
FreeWire Technologies emerged in 2014 amid rising EV adoption challenges, particularly the need for fast charging without expensive grid overhauls.[1][2] The founders leveraged expertise in energy storage to pioneer commercial uses for second-life lithium-ion batteries—sourced from auto manufacturers and utilities with 70-80% remaining capacity after primary service—transforming them into mobile systems.[3] Early traction came from developing the Mobi product line, including the Mobi Charger for EV support and Mobi Gen for off-grid power, marking the first scalable application for these batteries beyond pilots.[3] Pivotal moments include deploying Boost chargers globally by 2023 and relocating operations to Newark, CA, fueling expansion in transportation and energy efficiency.[2]
FreeWire rides the EV infrastructure boom, where global electrification demands scalable charging amid grid constraints—its solutions align with trends like fleet EV adoption (e.g., logistics, rideshare) and net-zero goals.[1][4] Timing is ideal post-2020s policy pushes (e.g., US Inflation Reduction Act) and falling battery costs, enabling deployments without multi-year grid investments.[2] Market forces favoring it include surging EV sales, second-life battery supply growth, and demand for off-grid resilience in energy transition.[3] FreeWire influences the ecosystem by proving viable battery reuse, accelerating "beyond-grid" electrification for industries like construction and events, and partnering for demos in underserved areas.[2][4]
FreeWire is poised for acceleration as EV penetration hits critical mass, with expansions into Australia, New Zealand, and EU markets unlocking fleet-scale deals.[2] Trends like silicon carbide tech for denser power and AI-driven energy management will boost efficiency, while regulatory incentives amplify growth.[4] Its influence may evolve from niche innovator to infrastructure staple, enabling ubiquitous clean mobility—cementing its role in a grid-flexible energy future that started with rethinking batteries for charging anywhere.[1][3]
