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TeraWatt InfrastructureBuild-own-operate charging hubs for medium/heavy-duty fleets and autonomous transport
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
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 |
| 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 |
Led both Seed and Series A rounds
Co-led Seed and Series A
Series A participant
$63.8M federal grant for commercial EV charging infrastructure (Feb 2024)
Co-founded by Neha Palmer (ex-Google head of energy) to build commercial fleet charging infrastructure
One of the largest seed rounds in climate-tech history
Vision Ridge Partners-led round delivers a billion-dollar capital base; total raised reaches ~$1.1B
US Department of Energy grant to accelerate commercial EV charging deployment
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)
Heavy-duty I-10 charging site opens in Rialto, expanding California network
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
Active development pipeline set to double Terawatt's national footprint within the year, adding hyperscale-data-center-equivalent power for customers
$1B+ capital for MCS-compatible truck charging along I-10 corridor. TeraWatt Infrastructure was founded in 2021 and is headquartered in San Francisco, CA.
TeraWatt Infrastructure has raised ~$1.1B + ~$63.8M federal grant in total, based on the funding rounds Sterling tracks.
Sterling groups TeraWatt Infrastructure in the Semi Trucks sector, alongside WattEV (private) and Greenlane (private).
If you are researching TeraWatt Infrastructure, also look at WattEV (private) and Greenlane (private). You can browse the full Semi Trucks sector on Sterling.
