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FreeWire Technologies is a startup that specializes in the development and deployment of ultrafast electric vehicle (EV) charging solutions. The company operates in the electric vehicle charging market, serving a diverse range of clients including retail businesses, utility companies, municipal customers, and fleet operators.

FreeWire's unique selling proposition lies in its innovative combination of battery technology, power conversion technology, and software. This integrated solution not only optimizes EV charging but also offers energy services that can significantly reduce energy bills and enhance energy resiliency.

The company's business model is centered around providing a cost-effective and efficient alternative to conventional charging solutions. By avoiding the need for extensive electrical infrastructure upgrades, FreeWire's products can reduce installation costs by 20% and operating costs by 70%. Furthermore, the company's chargers can be installed six times faster than traditional solutions and can be easily relocated to new locations.

FreeWire's ultrafast chargers are compatible with all EV models and can charge multiple EVs simultaneously at impressive speeds - up to 100 miles in just 10 minutes. This not only enhances the customer experience but also meets the growing demand for fast and efficient EV charging.

The company generates revenue by selling its charging solutions to clients and offering energy management services. A notable example of FreeWire's success is the replacement of a slow charger with its ultrafast Boost Charger by American Electric Power in under three hours, without significant cost or infrastructure upgrades.

Keywords: Electric Vehicle Charging, Ultrafast Charging, Energy Management Services, Battery Technology, Power Conversion Technology, Infrastructure-Light Charging, Fleet Operations, Energy Resiliency, Cost-Effective Solutions, Scalable Deployment.

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Investments by FreeWire Technologies

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Mobilyze.ai
ACQUISITION by FreeWire Technologies Dec 2022