FLO

Quebec City-based EV-charging startup Flo has raised $136 million in Series E equity financing led by Export Development Canada. The funding round also saw participation from Caisse de dépôt et placement du Québec, Investissement Québec, Business Development Bank of Canada, Energy Impact Partners, and MacKinnon, Bennett and Company.

Despite slower-than-expected EV sales leading some automakers to delay their plans, Flo is moving forward with its next-generation home chargers and a new ultra charger capable of charging many EVs to 80% in 15 minutes. The funds will support product rollout and network expansion. Cassie Bowe of Energy Impact Partners highlighted Flo’s potential in the U.S. market.

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FLO, a prominent North American electric vehicle (EV) charging company, has seamlessly integrated its charging network for VinFast electric vehicles (EVs) in Canada.

VinFast drivers can now access FLO’s extensive network of public level 2 and DC fast chargers. The move aligns with FLO’s mission of fostering a zero-carbon future.

VinFast recently introduced its VF 8 model in Canada, and this collaboration aims to enhance the charging experience for VinFast EV drivers, supporting their long-term goal of achieving net-zero emissions.

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FLO, a prominent North American EV charging company, is partnering with industry leaders WiTricity and Hubject to enhance EV charging experiences. Through collaboration, they are advancing wireless charging and Plug & Charge technologies.

Nathan Yang, FLO’s Chief Product Officer, emphasizes their dedication to improving charging efficiency and safety. WiTricity, a pioneer in wireless EV charging, is pivotal in shaping the future of EVs, focusing on magnetic resonance tech.

FLO aims to support various connectors, including potential wireless options, signaling a stride towards futuristic EV charging.

Want to know more? Check out the source code on Newswire.ca.