FreeWire Technologies Inc., an electric-vehicle charging and power startup, is in talks to go public through a merger with DHC Acquisition, Bloomberg reports, citing people with knowledge of the matter. DHC is discussing raising new equity to support a transaction, which is slated to value the combined entity at more than $1 billion.
San Leandro, California-based FreeWire, led by Chief Executive Officer Arcady Sosinov, makes chargers that include embedded batteries for energy storage to avoid straining power grids. Its products can fully charge an EV battery in 20 to 30 minutes. Read more.
