EV Realty has secured an additional $75 million equity commitment from investor NGP, along with funding contributions from EV Realty’s management team. The new capital will enable EV Realty to scale its Powered Properties portfolio, including construction of the company’s first multi-fleet charging project, a 76-stall fast charging hub for commercial fleets in San Bernardino, California that will be capable of charging more than 200 Class 8 trucks per day.
EV Realty launched in 2022 to provide turnkey, scalable charging solutions for commercial truck fleets. The company acquires, develops and operates optimally sited, grid-ready properties in targeted industrial warehouse centers that support its freight and logistics customers.
“Our strategy is built for stability amid changing policies and industry conditions, ensuring we can deliver reliable, cost-effective charging solutions for fleets,” said EV Realty CEO Patrick Sullivan.
EV Realty’s new truck charging hub will be strategically located near the San Bernardino Intermodal Facility, more than 60 million square feet of nearby industrial warehouses, and Interstates 10 and 215, a major freight lane from the Ports of Los Angeles and Long Beach. With 9.9 MW of grid capacity and 76 DC fast charging ports, including megawatt charging pull-through stalls, the project will serve regional and short-haul fleet customers in a key Inland Empire freight and logistics market. It is scheduled to open later this year.
Source: EV Realty
