EVWire brief: Orange EV announced that it launched OptiGrid, a new US-based battery-integrated charging company designed to accelerate fleet electrification by eliminating grid delays and reducing installation and operating costs.
Image: Optigrid
Optigrid promises a turnkey solution for fleets in 4-6 weeks, fully integrated and modular.
Notably, the company is building on the work of FreeWire Techologies, as trucking executive Wayne Hoovestol acquired FreeWire’s assets, IP and engineering team, and has now created this joint venture with Orange EV founders Kurt Neutgens and Wayne Mathisen, forming OptiGrid. Orange EV produces fully electric terminal trucks.
The former CPO of FlexCharging (there until it was acquired by Accurant in January), Tyler Phillipi, joined as CEO of OptiGrid.
Per one of its recruiting partners, the company has $20m of initial operating cash (more committed) and plans to build this into a $100m / year business within 5 years.
Source: Tyler Phillipi
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