Director – Business Development

TeraWatt Infrastructure, a US-based electric vehicle charging infrastructure provider, has secured $1.5 billion in strategic investment. The company builds large-scale EV charging infrastructure solutions to address user charging needs. No further details about the investors, valuation, or specific deployment plans were disclosed.

Velocity Vehicle Group announces EV charging partnership with Terawatt. San Francisco, Calif. - Mar. 4, 2026 - For any new technology to gain traction, the network that supports it must be robust, reliable, and scalable. For the heavy-duty electric vehicle (HD EV) sector, this network is not just beneficial - it is foundational. Fleet operators considering the transition to HD EVs face twin pressures: the immediate need for seamless charging coverage and the long-term imperative to maintain vehicle value. Today and tomorrow, coverage matters. This critical juncture has led to a powerful strategic partnership between Terawatt, a leader in high-speed, dedicated commercial EV charging infrastructure, and Velocity Vehicle Group (VVG), a dominant force in North American commercial vehicle sales, financing, and maintenance. Together, they are focused on dissolving the barriers of range anxiety and maintenance uncertainty, forging a network overlap that delivers security and confidence to customers across the crucial freight market of Southern California and the greater United States. The Terawatt advantage: high-speed, high-efficiency charging. The greatest asset to an EV fleet is the time saved during charging. Wasting hours waiting for power erodes profitability, slows down cargo movement, and diminishes the value proposition of the technology. Terawatt's approach to charging infrastructure is designed specifically to address this inefficiency, providing dedicated, high-speed, pull-through charging centers built for commercial vehicles. By securing power early and in the right places, Terawatt has gone to work developing a network of sites with megawatt-scale capacity that deliver high-speed charging for customers. Featuring amenities and designs that accommodate heavy-duty tractor-trailers, Terawatt's network ensures that drivers can pull in, charge quickly, and pull out with minimal interruption to their schedules. This focus on driver and cargo efficiency is what transforms the EV from a complex new drivetrain into a valuable, reliable asset. With increasing coverage across key regional routes - including a new site in the Inland Empire - Terawatt is building the hubs needed to support electrification, ensuring that regional and last-mile operations in areas like Southern California are supported with reliable charging where they need it most. "For heavy-duty fleet electrification to succeed, the infrastructure must be as dynamic and dependable as the internal combustion engine network it replaces," said Neha Palmer, CEO of Terawatt. "Our network is engineered for high utilization and speed, using a pull-through design that allows drivers to keep moving without complex maneuvering. This commitment to efficiency is the heart of what Terawatt offers to customers. When every hour counts, providing reliable, high-speed charging is how we give fleet owners the confidence to invest in EV technology today, knowing the coverage will be there to support them tomorrow." Velocity Vehicle Group (VVG): the security of a service network. While charging helps reduce range anxiety, the maintenance and long-term viability of the truck itself is another critical consideration for total cost of ownership (TCO). Across North America, Velocity Vehicle Group supports EV fleets with EV-certified technicians, dedicated infrastructure, and a robust service and parts network designed to protect fleet electric vehicle investments. Velocity operates a vast, multinational network of dealerships and maintenance centers, spanning multiple states across the U.S. and extending into countries such as Canada, Australia, and Mexico. Crucially, VVG owns an especially high concentration of dealerships throughout Southern California, providing comprehensive sales, service, and parts support. This established physical footprint ensures that when a customer invests in a battery-electric truck, VVG is positioned to support it throughout its lifecycle. This widespread, EV-focused network provides confidence that certified service is always close by, minimizing downtime and maximizing the operational life of the vehicle. As EV technology continues to evolve, having a trusted, experienced, and geographically widespread service partner is paramount to protecting an asset's value for years to come. VVG's ability to offer comprehensive sales, service, parts, and even financing through its associated companies - including Crossroads Equipment Lease & Finance and Velocity SBA - means they are equipped to handle the EV lifecycle end-to-end. "Fleet owners are making a long-term commitment when they purchase new commercial vehicles, and that commitment must come with a level of assurance," said Chris Abarca, Director of Sales at Velocity Vehicle Group. "Velocity Vehicle Group's footprint - especially the robust maintenance coverage we provide throughout Southern California - is the safety net for our customers' EV investments. We're not just selling a truck; we're supporting uptime and serviceability across its entire lifespan. Together, the Terawatt and VVG networks allows us to tell customers, 'We've got the power, and we've got the parts and EV-certified service technicians to keep you moving,' ensuring their electric trucks remain valuable assets for years to come." Creating a seamless HD EV network. The true strength of the Terawatt and VVG partnership is realized in the overlap of their respective networks. Terawatt provides the energy arteries, making regional movement seamless and efficient. VVG provides the vital service and parts infrastructure, ensuring each asset is properly cared for and its value retained. This combined network is particularly transformative in Southern California - a global hub for freight movement and a hotbed for EV adoption. Fleets operating in this high-traffic, high-demand region can invest in electric vehicles with confidence, knowing that reliable, high-speed charging is available along their routes, and factory-certified service is always just a short distance away. This unified approach drastically lowers the entry barrier to electrification, reduces risk, and provides a clear pathway for fleets to scale their zero-emission operations. Terawatt and VVG are not just building charging stations and service bays; they are collaboratively constructing the operational confidence required for commercial EV adoption. By combining high-speed, pull-through charging with a dense, multiregional maintenance and support structure, the partnership delivers a comprehensive solution that makes an electric truck reliable today and valuable for years to come. This network overlap is a crucial piece of the puzzle in ensuring the future of commercial EVs is secure, efficient, and accessible.