FLO Secures $136M Financing to Continue Expansion of North American Charging Network and Roll Out Key New Products
Summary
"FLO is a leader in the field of EV charging solutions and we have been pleased to support them in their growth journey," said Guillermo Freire, Senior Vice-President, Mid-Market Group, and responsible for EDCs cleantech practice. We have witnessed their impressive growth over a short period, and we look forward to seeing them leverage this equity financing to scale across North America and deliver their next generation of innovative network-connected EV charging products and solutions that enable a low-carbon future. "The equity raise is also supported by the Caisse de d\xe9p\xf4t et placement du Qu\xe9bec (CDPQ), Investissement Qu\xe9bec (IQ), as an agent of the Qu\xe9bec government, Business Development Bank of Canada (BDC), Energy Impact Partners (EIP) and MacKinnon, Bennett & Company Inc. "We are glad that FLOs financing partners share our vision: long-term growth, a profitable business model and strategic market expansion via both the sale and ownership of reliable infrastructure," said Francis Baillargeon, FLO Chief Financial Officer. "FLOs continued focus on unparalleled quality and reliability has helped significantly move forward EV infrastructure across North America," said Cassie Bowe, Partner, EIP.