TeraWatt Infrastructure
Build-own-operate charging hubs for medium/heavy-duty fleets and autonomous transport
SectorsSemi Trucks
Total Raised
~$1.1B equity
Plus $63.8M DOE grant
Seed Round
$100M (2021)
Among largest climate-tech seeds
Cumulative Clean Range Delivered
68M miles
27M kg CO2 abated to date
Inland Empire Capacity
>40 MW
Up to 500 trucks/day across 2 sites
Funding History
Total raised: ~$1.1B + ~$63.8M federal grant
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Seed | 2021 | $100M | — | Vision Ridge PartnersKeyframe Capital |
| Series A | Sep 2022 | ~$1B | — | Vision Ridge Partners (lead)Keyframe CapitalCyrus Capital Partners |
| US DOE Federal Grant | Feb 2024 | $63.8M | — | US Department of Energy |
Product Specifications
| Feature | TeraWatt Fleet Depot Charging |
|---|---|
| Target Market | Fleet operators (trucking, autonomous, rideshare, delivery, transit, school bus) |
| Model | Build-own-operate purpose-built charging hubs |
| Power Delivery | DC fast charging at heavy-duty sites; full-build light-duty sites with smaller footprints |
| Site Examples | Rancho Dominguez (7 MW, 20 stalls), Rialto, Agua Mansa, Fontana, Inglewood, San Francisco |
| Grid Integration | Utility-scale grid connections with on-site energy management |
| 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
Cyrus Capital PartnersInvestor
Series A participant
US Department of EnergyGovernment Grant
$63.8M federal grant for commercial EV charging infrastructure (Feb 2024)
Key Milestones
May 2021
Company Founded
Co-founded by Neha Palmer (ex-Google head of energy) to build commercial fleet charging infrastructure
2021
$100M Seed
One of the largest seed rounds in climate-tech history
Sep 2022
~$1B Series A
Vision Ridge Partners-led round delivers a billion-dollar capital base; total raised reaches ~$1.1B
Feb 2024
$63.8M DOE Grant
US Department of Energy grant to accelerate commercial EV charging deployment
2024
Rancho Dominguez CA Live
First medium- and heavy-duty hub opens 12 miles from Ports of LA/Long Beach with 20 pull-through/bobtail DC fast stalls and 7 MW (up to 125 trucks/day)
2025
Rialto CA Hub Online
Heavy-duty I-10 charging site opens in Rialto, expanding California network
2025
Inland Empire Acquisitions
Two additional sites acquired in Agua Mansa Industrial Corridor and Fontana (near I-10/I-15 interchange); jointly >40 MW, up to 500 trucks/day
2026
Network Expansion Doubles Footprint
Active development pipeline set to double Terawatt's national footprint within the year, adding hyperscale-data-center-equivalent power for customers