Why this JV is taking a ‘real-estate-first approach’ to establishing EV charging hubs
EV Realty plans to build as many as 20 charging hubs in the coming years, largely in California, CEO Patrick Sullivan told Tech Brew.
By Jordyn Grzelewski
If you build it, they will come.
That’s the strategy behind a new joint venture between EV infrastructure development company EV Realty and venture capital firm GreenPoint Partners, which recently announced $200 million in funding to build charging hubs for medium- and heavy-duty commercial fleets.
EV Realty CEO and co-founder Patrick Sullivan told Tech Brew that while there aren’t many electric commercial trucks on the road today, the company is getting ahead of what is expected to be a significant increase in EV trucks in the coming years as tighter environmental regulations go into effect in California and across the US.