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BP Leads $15 Million Investment in Charging Business FreeWire

Dec. 4, 2018, 12:34 PM

FreeWire Technologies Inc., a California developer of mobile electric-car charging systems, raised $15 million from investors led by oil giant BP Plc’s venture group to commercialize its product and expand its operations and sales teams.

Other investors in the Series A round included Volvo Cars Tech Fund, Stanley Ventures and Blue Bear Capital, according to a statement Tuesday. FreeWire’s Mobi chargers can be wheeled out to charge electric vehicles where they’re parked. The company also offers a mobile backup battery-power device that can provide electricity in remote sites.

BP is using FreeWire’s electric car chargers under a pilot program at ...