TeraWatt Infrastructure, a San Francisco startup, announced on Tuesday that it has received more than $1 billion from investors to create a network of charging stations targeted at electric car fleet clients.
Investment advisor Keyframe Capital co-founded TeraWatt Infrastructure, which has been in business for four years, and Keyframe and Cyrus Capital first provided funding. Both businesses are headquartered in New York. In the most recent investment round, new investor Vision Ridge Partners participated.
TeraWatt Infrastructure purchases land that is “strategically located” and constructs sizable, high-power charging stations that mostly serve commercial electric truck fleets. According to the corporation, its assets are situated near important highway routes, major metropolises, and logistical centers.
