TeraWatt Infrastructure Secures $300M Debt Facility to Expand EV Charging Network

Capital tells the truth long before headlines catch up. San Francisco-based TeraWatt Infrastructure, a developer of commercial EV charging depots and autonomous vehicle charging infrastructure, has secured a 5-year senior secured debt facility worth up to $300M, including $150M in committed financing and another $150M available through an incremental option. Unlike equity financing, debt allows infrastructure companies to expand long-lived assets without additional ownership dilution. RBC Capital Markets led the financing, with SMBC and UBS Investment Bank supporting the facility. That combination signals confidence not only in TeraWatt Infrastructure's assets, but also in its ability to execute.

Guiding this next phase are Neha Palmer, CEO & Co-Founder; Sujoy Haldar, CFO; Mike Englhard, Chief Development Officer; Nadeem Sheikh, Chief Business Officer; Titiaan Palazzi, Chief Product & Strategy Officer; Raman Thapar, Senior Vice President of Technology; Tom Jackson, Senior Vice President of Operations; and Katie Laine, Senior Vice President of People. The current leadership team is also profiled on the company's Leadership page. Together, the team brings expertise across infrastructure development, finance, technology, operations, and commercial strategy, reflecting the multidisciplinary nature of building national-scale charging infrastructure.

Why This Matters

TeraWatt isn't just a company name. It's a measurement of massive power, and the business is living up to it. While attention stays fixed on autonomous vehicles and commercial EV fleets, TeraWatt Infrastructure is focused on what keeps them moving: charging depots, grid access, energy management, and fleet operations. The work rarely grabs headlines, yet it ultimately determines whether transportation can scale.

Neha Palmer recognized that challenge early. Instead of waiting for demand to overwhelm infrastructure, TeraWatt Infrastructure began acquiring land along strategic freight corridors and industrial hubs. That strategy helped the company secure $100M in seed financing, followed by more than $1B in Series A financing backed by Vision Ridge Partners, Keyframe Capital, and Cyrus Capital. This latest debt facility extends that strategy with capital designed to accelerate expansion while preserving equity.

Market Context

The numbers reinforce the story. TeraWatt Infrastructure says it has delivered 68M miles of clean EV range while helping avoid 27M kg of CO2 emissions. Projects underway are expected to double its national footprint. The company serves commercial EV fleets and autonomous vehicle operators, with Waymo publicly identified as a customer and Velocity Vehicle Group announced as a strategic partner. Those relationships illustrate how commercial fleet electrification depends as much on dependable infrastructure as it does on the vehicles themselves.

Leadership matters when infrastructure is measured in decades rather than quarters. Sujoy Haldar brings experience from Uber, clean energy, and AI robotics. Nadeem Sheikh has spent 20+ years building businesses across mobility, electrification, autonomous vehicles, and McKinsey & Company. Titiaan Palazzi combines founder experience with deep energy technology expertise developed through Myst AI before its acquisition by Snowflake. Mike Englhard, Raman Thapar, Tom Jackson, and Katie Laine complete a leadership team built to scale one of the industry's most ambitious charging infrastructure platforms. Infrastructure rarely becomes the headline for long. It becomes the foundation that makes every future headline possible.