Swedish car manufacturer Volvo has invested an undisclosed sum in EV , 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 half kW DC fast-charging stations, enough to add 480 miles of range in one hour . The investment was made through Volvo Cars Tech Fund and is part of the automaker's wider ambition of focusing on all-electric power trains from 2025 . The automaker did not detail the size of its stake in FreeWire, but the investment will help lay the groundwork for the its ambitious electrification plans. It anticipates all-electric cars will make up half of its global sales by next year .
Swedish car manufacturer Volvo has invested an undisclosed sum in EV , 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 half kW DC fast-charging stations, enough to add 480 miles of range in one hour . The investment was made through Volvo Cars Tech Fund and is part of the automaker's wider ambition of focusing on all-electric power trains from 2025 . It anticipates all-electric cars will make up half of its global sales by next year .