EV Realty, Inc. partners with GreenPoint Partners to invest $200 million in developing high-powered charging hubs for commercial EV fleets in California and other strategic markets.

Target Overview

EV Realty, Inc. is an innovative platform specializing in the development of electric vehicle (EV) infrastructure aimed at commercial fleets. Recently, EV Realty announced a joint venture with GreenPoint Partners to enhance the construction of its Powered Properties™, which are high-powered charging hubs specifically designed for medium and heavy-duty commercial fleet electric vehicles. With an ambitious budget of $200 million, this initiative targets strategic U.S. markets, focusing particularly on California.

The core mission of EV Realty is to operate and manage charging locations that provide essential services to commercial fleets, employing proprietary technology to facilitate the rapid buildout of these properties. The company has a proven track record in delivering complex energy and infrastructure projects, having installed 70 Supercharger hubs and over 7,000 EV chargers across California in just the past five years.

Industry Overview in California

California continues to lead the United States in EV adoption and infrastructure development. The state's commitment to reducing carbon emissions and improving air quality has culminated in aggressive climate goals, which