This San Francisco company just raised $1 billion for E.V. infrastructure

  • 📰 sfexaminer
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

That’s a significant investment in a side of the E.V. market that’s garnered less attention than passenger vehicles recently: commercial fleets.

TeraWatt Infrastructure, a San Francisco company that builds charging centers 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.

In June, the company announced a partnership with Kaptyn, a passenger transit company that aims to shift away from contracted ride-shares, only a fraction of which use electric vehicles. Kaptyn instead operates a fleet of entirely electric, employee driven vehicles. Just months after this partnership, in August of this year, the California Air Resources Board approved a rule that requires 100% of new car sales in California to be zero-emission vehicles by 2035 — and that includes commercial fleets of small vehicles. In 2020, through Executive Order N-79-20, Gov. Gavin Newsom set an ambitious goal to transition all medium- and heavy-duty vehicles in the state to zero-emissions by 2045.

Terawatt is expected to use its $1 billion capital influx to develop more charging infrastructure, hire employees and continue with an extensive project along a major highway corridor, targeting long-haul vehicles. Currently, they own sites in 18 states. On Tuesday, the federal government announced the approval of E.V. infrastructure plans in all 50 states as well as Puerto Rico. Another aspect of the $1 trillion IRA, is that it will administer $5 billion to facilitate charging infrastructure construction along interstate highways over the next five years.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 236. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

VW Battery Division Could Float Next After Porsche Makes Stock Market Splash With $72 Billion Valuation | CarscoopsVW Battery Division Could Float Next After Porsche Makes Stock Market Splash With $72 Billion Valuation | Carscoops carscoops
مصدر: Carscoop - 🏆 306. / 63 اقرأ أكثر »

The Funded: Food tech startup GrubMarket feasts on $120M funding round - Silicon Valley Business JournalThe San Francisco-based company says it doesn't need the capital for operations and has other ideas for how to use the money. startups foodtech bayarea TheFunded venture SiliconValley SanFrancisco
مصدر: svbizjournal - 🏆 334. / 59 اقرأ أكثر »

San Francisco company opening mental health center, drone pilot school in UkraineThe JustAnswer National Mental Health Center is set to open next week in Lviv. A drone pilot school is also in the works. The San Francisco-based company employs nearly 300 workers in Ukraine.
مصدر: KTVU - 🏆 465. / 53 اقرأ أكثر »