TeraWatt Infrastructure targets a nationwide charging network for electric vehicle fleets

Neha Palmer, former head of Google’s energy strategy, sees a major business opportunity for companies that can answer that question as quickly and cost-effectively as possible. TeraWatt Infrastructure, the company she now leads as CEO, unstealthed on Wednesday — and it claims to have a good chunk of that crucially important work underway.

The San Francisco-based company announced it has more than $100 million committed from backers Keyframe and Cyrus Capital. That money will go to acquire property rights and to finance and manage EV charging infrastructure for fleet owners, charging network operators and others relying on a massive build-out of charging infrastructure to facilitate the switch from fossil-fueled to battery-powered passenger and freight vehicles.