EV Realty has secured an extra $75 million fairness dedication from investor NGP, together with funding contributions from EV Realty’s administration crew. The brand new capital will allow EV Realty to scale its Powered Properties portfolio, together with building of the corporate’s first multi-fleet charging mission, a 76-stall quick charging hub for industrial fleets in San Bernardino, California that can be able to charging greater than 200 Class 8 vans per day.
EV Realty launched in 2022 to supply turnkey, scalable charging options for industrial truck fleets. The corporate acquires, develops and operates optimally sited, grid-ready properties in focused industrial warehouse facilities that help its freight and logistics clients.
“Our technique is constructed for stability amid altering insurance policies and business situations, making certain we will ship dependable, cost-effective charging options for fleets,” stated EV Realty CEO Patrick Sullivan.
EV Realty’s new truck charging hub can be strategically positioned close to the San Bernardino Intermodal Facility, greater than 60 million sq. ft of close by industrial warehouses, and Interstates 10 and 215, a significant freight lane from the Ports of Los Angeles and Lengthy Seashore. With 9.9 MW of grid capability and 76 DC quick charging ports, together with megawatt charging pull-through stalls, the mission will serve regional and short-haul fleet clients in a key Inland Empire freight and logistics market. It’s scheduled to open later this 12 months.
Supply: EV Realty
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