WattEV Closes Structured Debt & Equity Financing From Apollo Funds and Vitol

Represented WattEV, an industry leader in heavy-duty freight electrification providing end-to-end solutions to customers through the development of electric charging infrastructure and provisioning of electric vehicle trucks, in the closing of a structured debt and equity financing from Apollo Funds and Vitol.  

Based in Long Beach, California, WattEV operates the largest heavy-duty public access electric charging site by capacity in the United States at the Port of Long Beach. The company will seek to provide a solution for the more than 30,000 heavy-duty drayage trucks in California that must comply with near-term regulations to eliminate emissions, while over time facilitating the electrification of heavy-duty vehicles across the country more broadly.