EV Realty and GreenPoint Partners Form Joint Venture for the Buildout of $200 Million in EV Charging Hubs
The partnership will develop new Powered Properties™ across California that have access to significant grid power and are strategically located for large commercial fleets
San Francisco– April 3, 2024 – EV Realty, Inc. (“EV Realty”), an EV infrastructure development platform powering commercial fleets, today announced the formation of a joint venture alongside GreenPoint Partners (“GreenPoint”), an alternatives firm investing at the intersection of real assets, technology and sustainability, to drive the rapid buildout of $200 million of EV Realty’s Powered Properties™, high-powered charging hubs for medium and heavy-duty commercial fleet electric vehicles, across California and other strategic U.S. markets.
The joint venture leverages EV Realty’s proprietary technology and GreenPoint’s deep real estate investment expertise to identify and acquire optimal real estate and develop Powered Properties™ in key logistics markets across California. EV Realty will operate and manage each location, delivering critical charging services to commercial fleets.