What is FLO?
FLO is dedicated to creating a seamless and comprehensive charging experience for electric vehicle drivers, addressing needs across home, work, and public spaces. The company provides smart home charging solutions for residential properties, including single-family homes and multi-unit buildings. Furthermore, FLO offers access to an extensive network of public charging stations nationwide. For businesses and municipalities, FLO delivers turnkey solutions to facilitate EV adoption by managing charging services, catering to property managers, business owners, employers, and municipal administrators.
How much funding has FLO raised?
FLO has raised a total of $136M across 1 funding round:
Series E
$136M
Series E (2024): $136M with participation from Caisse de dépôt et placement du Québec, Investissement Québec, BDC, and Export Development Canada
Key Investors in FLO
Caisse de dépôt et placement du Québec
Caisse de dépôt et placement du Québec, established in 1965, is a comprehensive portfolio investment company managing institutional funds, primarily from public and private pension and insurance funds in Quebec.
Investissement Québec
Investissement Québec provides financial resources and strategic guidance to businesses looking to expand or establish a presence in Quebec, offering support through site scouting, partner introductions, and operational assistance.
BDC
BDC Business Development Bank of Canada, founded in 1944, offers a broad spectrum of financial and consulting services to small businesses, with a particular emphasis on technology and export-oriented companies.
What's next for FLO?
With this major enterprise-level funding, FLO is strategically positioned to accelerate its expansion and enhance its charging ecosystem. The significant capital infusion, particularly the recent strategic investment, suggests a focus on scaling operations, expanding its network of public charging stations, and potentially developing new smart home charging technologies. This backing will likely enable FLO to solidify its market leadership and further support the growing demand for accessible and reliable EV charging infrastructure, driving the transition to sustainable transportation.
See full FLO company page
