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Volvo Cars invests in BP-backed charging firm to lure electric buyers

Updated : October 24, 2018 06:54 PM IST

The fund's CEO Zaki Fasihuddin said Volvo expected an already visible shortage of charging points to grow in magnitude as a wave of electric cars hits the streets in five years.
Fasihuddin said Volvo's investment would allow it to play an influential role in designing products with FreeWire and to work with BP, which invested $5 million in FreeWire in January.
Volvo Cars invests in BP-backed charging firm to lure electric buyers
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