Flo, a Quebec City, Canada-based electric vehicle (EV) charging network operator and smart charging solutions provider, raised $136M in funding.
The round was led by Export Development Canada (EDC). The equity raise was also supported by the Caisse de dépôt et placement du Québec (CDPQ), Investissement Québec (IQ), as an agent of the Québec government, Business Development Bank of Canada (BDC), Energy Impact Partners (EIP) and MacKinnon, Bennett & Company Inc. (MKB).
The company intends to use the funds for continued growth in both the U.S. and Canada and the deployment of its charging network. The investment will also help advance the rollout of its newest products, the NEVI and Buy America-compliant FLO Ultra fast charger and the next generation of FLO Home residential chargers.
Led by President and CEO Louis Tremblay, Flo is an electric vehicle (EV) charging network operator and a smart charging solutions provider helping to overcome climate change and accelerate EV adoption through a vertically integrated business model and by delivering EV drivers the best charging experience from curbside to countryside.
Every month, it enables more than 1.5 million charging events thanks to over 100,000 fast and level 2 EV charging stations deployed at public, private and residential locations.
FLO operates its network across North America with facilities in Michigan and Quebec.
FinSMEs
14/06/2024