TeraWatt Infrastructure
Large-scale fleet depot charging infrastructure for commercial EVs
SectorsElectric Semi Trucks
Total Raised
$1B+
Unicorn status achieved
Seed Round
$100M
One of largest climate-tech seeds
Federal Grants
$63.8M
DOE grant (Feb 2024)
First Sites
SoCal 2025
Fleet depots going live
Funding History
Total raised: $1B+ · Latest valuation: $1B+ (unicorn)
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Seed | 2022 | $100M | — | Vision Ridge PartnersKeyframe Capital |
| Series A | 2023 | ~$1B | $1B+ | Vision Ridge PartnersKeyframe Capital |
| Federal Grant | Feb 2024 | $63.8M | — | US Department of Energy |
Product Specifications
| Feature | TeraWatt Fleet Depot Charging |
|---|---|
| Target Market | Fleet operators (trucking, delivery, transit) |
| Model | Build-own-operate depot charging hubs |
| Power Delivery | High-power DC fast charging for medium & heavy-duty EVs |
| Site Design | Purpose-built for commercial fleet overnight and opportunity charging |
| Grid Integration | Utility-scale grid connections, on-site energy storage |
| Software | Fleet charging management and optimization platform |
Partnerships & Investors
Vision Ridge PartnersLead Investor
Led both Seed and Series A rounds
Keyframe CapitalInvestor
Co-led Seed and Series A
US Department of EnergyGovernment Grant
$63.8M federal grant for commercial EV charging infrastructure
Key Milestones
2022
Company Founded
Founded to solve commercial fleet electrification infrastructure gap
2022
$100M Seed Round
One of the largest seed rounds in climate-tech history
2023
~$1B Series A
Achieves unicorn status with massive Series A led by Vision Ridge Partners
Feb 2024
$63.8M Federal Grant
US DOE grant to accelerate commercial EV charging deployment
2024
SoCal Site Development
Multiple fleet depot charging sites under construction in Southern California
2025
First Sites Go Live
Initial fleet depot charging locations operational in Southern California