Funding round
Terawatt Growth
Reported as "Growth Equity"
Terawatt, which works in EV fleet charging infrastructure development in San Francisco, raised $1.00B in a Growth round announced on 13 Sep 2022. 3 firms took part.
$1.00B
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
Terawatt did not disclose a valuation in this round. It is Terawatt's first venture round on record, 4 years after it was founded in 2018. No later venture round is on record for Terawatt.
Terawatt's funding rounds
This is the only venture round on record for Terawatt.
- Growth this round 13 Sep 2022 $1.00B
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- backs 6 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- backs 3 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
5 Growth rounds in Electric Supplies & Power Generation within a year either side disclosed an amount; the median was $165M, and this round was 6.0 times the median. The closest in time, other companies' Growth rounds in Electric Supplies & Power Generation:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electric Supplies & Power Generation | 30 Sep 2022 | $180M | not disclosed | not named |
| Electric Supplies & Power Generation | 18 Aug 2022 | $100M | not disclosed | SK Inc. and SK Energy |
| Electric Supplies & Power Generation | 5 May 2023 | $165M | not disclosed | not named |
| VoltaGrid Electric Supplies & Power Generation | 20 Dec 2021 | $100M | not disclosed | not named |
| VoltaGrid Electric Supplies & Power Generation | 1 Sep 2023 | $210M | not disclosed | not named |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Terawatt raise in its Growth round?
Terawatt raised $1.00B in its Growth round, announced in Sep 2022.
Which investors took part in Terawatt's Growth round?
Vision Ridge Partners, Keyframe and Cyrus Capital.
What was Terawatt's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Electric Supplies & Power Generation?
5 Growth rounds in Electric Supplies & Power Generation within a year either side disclosed an amount; the median was $165M, and this round was 6.0 times the median.