Pillsbury Assists TeraWatt Infrastructure in Raising Over $1 Billion in Financing for Buildout of Electric Fleet Charging Centers Nationwide

TeraWatt is accelerating the decarbonization of transport with a purpose-built platform that combines an EV charging-focused property portfolio, asset financing capabilities, project development, and charging and energy management expertise. The company intends to apply the recent funds to the initiation of the business’ next phase of development and expansion—focusing on the progression of a growing portfolio of its Charging Centers for commercial electric fleets and adding more talent to the team to further expand.

Investors including Keyframe Capital, Cyrus Capital and Vision Ridge Partners participated in the funding round. To read the full company press release, click here.

“We’re excited to have partnered with TeraWatt to help structure this financing and bring the transaction together,” said Jorge Medina, “The development of electric vehicle infrastructure to support the decarbonization of road transport is critical to the energy transition, and this transaction sets up TeraWatt as the premier player in the space.”

Other deal team members included: Tax partner Brett Willis and special counsel Robert Logan, Intellectual Property partner Ed Cavazos and senior associate Sandro Serra, Executive Compensation & Benefits partner Jessica Lutrin and associate Ena Kaur, Employment Law special counsel Rebecca Carr Rizzo, Antitrust & Competition senior counsel Alvin Dunn and Corporate associates Benjamin Whitlow and JP Cordon.

Pillsbury’s Energy, Infrastructure and Project Finance team offers exemplary, integrated service across legal disciplines, advising on international project finance, acquisitions and dispositions, tax equity, development, day-to-day operations and restructurings of complex energy, infrastructure, digital infrastructure, telecommunications and industrial projects. Possessing wide-ranging legal knowledge across the power industry, from renewables (wind, solar, hydroelectric, biomass, biofuel, geothermal, energy storage and hydrogen) to gas-fired and other thermal to nuclear generation and transmission to oil and gas, mining and commodities and infrastructure, Pillsbury’s lawyers have worked on every aspect of complex projects in over 75 countries across six continents.