Date Closed

April 29, 2024

Lead Office

Montréal

Value

136.00 Million CAD

On April 29, 2024, FLO has secured US$136 million in long-term capital, principally from a Series E equity financing, led by Export Development Canada (EDC), to support the company's continued growth in both the U.S. and Canada and accelerate the deployment of its reliable charging network. The investment will also help advance the rollout of FLO's newest products, the NEVI and Buy America-compliant FLO Ultra fast charger and the next generation of FLO Home residential chargers. It will also help fund additional new charging solutions and the network expansion of FLO owned-and-operated stations at high-utilization sites with FLO's strategic partners.
 
FLO is a Quebec based provider of charging stations for electric vehicles. 

McCarthy Tétrault assisted FLO with a team led by Patrick Boucher, Véronique Wattiez Larose and Vincent Laurin that included Philippe April (Corporate), Kevin Gao (Corporate) and Fred Purkey (Tax).