FreeWire, known for its innovative EV fast charging solutions, has made the difficult decision to close its corporate headquarters in Newark and lay off the majority of its employees.
Despite its groundbreaking technology, which utilizes batteries to store energy and provide fast charging without costly utility buildouts, FreeWire has faced challenges in sustaining its operations. Despite receiving attention from prominent figures such as the Biden-Harris Administration and securing partnerships with major brands like Chevron and General Motors, the company has announced the closure of its primary business location on Gateway Blvd. in Newark, California, effective this June.
The closure is expected to impact all 113 of the company’s on-site employees, as indicated in a mass layoff notice. This news has garnered attention, with reports circulating on platforms like The Layoff Tracker.
FreeWire had established its presence in a sizable 66,000-square-foot facility in 2022, touting it as its global headquarters for research, development, testing, and manufacturing.
This announcement comes amidst recent developments in the EV charging industry, including Elon Musk’s decision to dismiss Tesla employees responsible for the Supercharger network. Such events have created added uncertainty in the sector, potentially complicating efforts for FreeWire to find a potential rescuer. While the company may seek new opportunities, the current landscape suggests significant challenges ahead for players in the EV charging space.
NEW UPDATE: FreeWire hasn’t closed its HQ just yet, read more on Electrek
