TeraWatt Infrastructure, a company that builds charging infrastructure for electric vehicle fleets, raised $1 billion dollars this month in a Series A funding round, following a $100 million dollar seed round in 2021.
Put simply, a commercial fleet is the stash of vehicles owned by a company and used for business purposes. That could mean long-haul trucks, a company’s collection of delivery vehicles, or say, the Tech-transit buses cruising to and from the Peninsula. Is California's infrastructure ready for an electric vehicle future? Grid updates must accompany the transition away from gas-fueled cars