About FreeWire
FreeWire is a company based in Newark (United States) founded in 2014 by James Long, David Keith, Tom Cook, Jawann Swislow, and Arcady Sosinov.. FreeWire has raised $260.43 million across 12 funding rounds from investors including Volvo Cars, bp and SVB. The company has 111 employees as of December 31, 2022. FreeWire offers products and services including EV Charging Solutions. FreeWire operates in a competitive market with competitors including ChargePoint, EV Connect, Flo, IONITY and Fastned, among others.
- Headquarter Newark, United States
- Employees 111 as on 31 Dec, 2022
- Founders James Long, David Keith, Tom Cook, Jawann Swislow, Arcady Sosinov
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsTechnology Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Optigrid Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$260.43 M (USD)
in 12 rounds
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Latest Funding Round
$29.23 M (USD), Series D
Nov 06, 2023
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Investors
Volvo Cars
& 20 more
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Employee Count
111
as on Dec 31, 2022
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Products & Services of FreeWire
FreeWire offers a comprehensive portfolio of products and services, including EV Charging Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers adaptable EV charging for commercial and consumer access.
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Funding Insights of FreeWire
FreeWire has successfully raised a total of $260.43M across 12 strategic funding rounds. The most recent funding activity was a Series D round of $29.23 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Series D — $29.2M
- First Round First Round
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2023 | Amount | Series D - FreeWire | Valuation |
investors |
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| Apr, 2022 | Amount | Series D - FreeWire | Valuation | BlackRock , BP Ventures |
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| Apr, 2021 | Amount | Grant - FreeWire | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FreeWire
FreeWire has secured backing from 21 investors, including institutional and venture fund investors. Prominent investors backing the company include Volvo Cars, bp and SVB. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund investing in deep tech and biotech sectors
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FreeWire
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FreeWire
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Freewire Comparisons
Competitors of FreeWire
FreeWire operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ChargePoint, EV Connect, Flo, IONITY and Fastned, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-enabled EV charging stations are operated for diverse sectors.
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| domain | founded_year | HQ Location |
Provider of electric vehicle charging software and solutions
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| domain | founded_year | HQ Location |
Developer of electric vehicle charging network
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| domain | founded_year | HQ Location |
EV charging station network is operated for vehicle users.
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| domain | founded_year | HQ Location |
Solar-enabled EV charging stations are operated for plug-in vehicles.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Freewire
Frequently Asked Questions about FreeWire
When was FreeWire founded?
FreeWire was founded in 2014.
Where is FreeWire located?
FreeWire is headquartered in Newark, United States. It is registered at Newark, New Jersey, United States.
Who is the current CEO of FreeWire?
David Keith is the current CEO of FreeWire. They have also founded this company.
Is FreeWire a funded company?
FreeWire is a funded company, having raised a total of $260.43M across 12 funding rounds to date. The company's 1st funding round was a Grant of $3.47M, raised on Sep 16, 2014.
How many employees does FreeWire have?
As of Dec 31, 2022, the latest employee count at FreeWire is 111.
What does FreeWire do?
FreeWire was founded in 2014 and is headquartered in Newark, United States. Electric-vehicle charging solutions are developed by the company, including boost chargers and battery-integrated systems designed for easy integration and varying battery capacities. Portable plug-in chargers with dual plugs are offered, alongside integration with a software platform for managing energy and assets. Operations focus on the clean energy sector, supporting EV infrastructure deployment.
Who are the top competitors of FreeWire?
FreeWire's top competitors include IONITY, Fastned and EV Connect.
What products or services does FreeWire offer?
FreeWire offers EV Charging Solutions.
Who are FreeWire's investors?
FreeWire has 21 investors. Key investors include Volvo Cars, bp, SVB, ABB, and State of California.
What is FreeWire's valuation?
The valuation of FreeWire is $525M as of Apr 2022.
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