EV Realty secures $75 million investment from NGP for charging expansion

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 in San Bernardino, Calif., featuring 76 DC fast-charging stalls with 9.9 MW of grid capacity that can serve more than 200 Class 8 trucks daily. “What we’ve focused on from the start is trying to address the barrier that we think really inhibits this adoption for the fleets that want ...