EV Realty lands $75M to expand electric truck charging in California
The startup has four mega-charging sites planned in the state, and says the underlying economics of electric freight hauling can withstand federal policy reversals.
Electric trucks can beat diesel-fueled ones on the cost of moving freight from California’s seaports to its inland distribution hubs — as long as the battery-powered vehicles can reliably recharge at both ends of their route. That fact is spurring a boom in the construction of truck-charging depots across the state.
On Thursday, EV Realty, a San Francisco-based charging site developer, broke ground on what will be one of California’s biggest fully grid-powered, fast-charging depots for electric trucks so far.