Terawatt Borrows Up to $300 Million to Scale Charging Sites for Waymo

*Terawatt Infrastructure Inc. will use new bank debt to acquire and develop electric-vehicle chargers in the United States and overseas.*

Terawatt Infrastructure Inc. said it is raising as much as $300 million in debt from banks. The funds will pay for the purchase and construction of charging facilities. Waymo is listed among its customers.

The round marks one of the larger recent debt financings aimed at public charging networks. Terawatt focuses on sites that can handle high-volume fleet use rather than individual drivers. The company has not disclosed the lenders or the interest terms.

No other financial details were released. The announcement does not include projections for the number of new stalls or locations.

Why it matters

Fleet operators such as Waymo need reliable high-power charging at scale. Debt at this size shows lenders are willing to back that build-out, yet it also adds fixed obligations that must be serviced from usage fees. The move therefore tests whether charging revenue can cover both construction costs and interest without raising prices that slow adoption.

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Sources:

• Bloomberg Technology

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