The tech fund previously invested in lidar manufacturer Luminar, with the aim of using Luminar's lidar sensors in future Volvo cars. Swedish car manufacturer Volvo has invested an undisclosed sum in FreeWire Technologies, the San Francisco-based provider of electric vehicle (EV) chargers that can plug into low-voltage power outlets. FreeWire's Mobi charging stations currently offer Level 2 AC power, and it is looking to add 120 kW DC fast-charging stations, enough to add 480 miles of range in one hour. The company says its new system will be able to charge a Model S P85 with 100 percent efficiency at speeds up to 80 mph, which would make for a very fast EV charge. It anticipates all-electric cars will make up half of its global sales by 2025.
Swedish car manufacturer Volvo has invested an undisclosed sum in FreeWire Technologies, the San Francisco-based provider of electric vehicle (EV) chargers that can plug into low-voltage power outlets. FreeWire's Mobi charging stations currently offer Level 2 AC power, and it is looking to add 120 kW DC fast-charging stations, enough to add 480 miles of range in one hour. The company says its new system will be able to charge a Model S P85 with 100 percent efficiency at speeds up to 80 mph, which would make for a very fast EV charge. It anticipates all-electric cars will make up half of its global sales by 2025.