Posts by payton
EV Realty secures $75 million investment from NGP for charging expansion
San Bernardino, Calif., site will be nation’s largest grid-connected charging hub serving more than 200 Class 8 trucks daily EV Realty announced Thursday it has secured $75 million in growth equity from private equity investor NGP to scale its portfolio of commercial fleet charging hubs. The company also broke ground on its first large-scale project…
Read MoreEV 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…
Read MoreEV Realty Raises $75 Million from NGP to Scale Fleet Charging, Breaks Ground on Major Charging Hub in San Bernardino
Growth equity commitment positions EV Realty to expand its strategic buildout of commercial fleet charging hubs SAN FRANCISCO, Sept. 18, 2025 (GLOBE NEWSWIRE) — EV Realty today announced that it has secured an additional $75 million growth equity commitment from private equity investor NGP alongside contributions from EV Realty’s management team. This significant infusion of…
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