EV Realty secures $75M to launch San Bernardino charging hub
The future of transportation is rapidly transforming, with electric vehicles (EVs) taking center stage. This shift requires substantial infrastructure investments to support the growing demand for electric charging stations. One notable player in this space is EV Realty, which is making significant strides in the development of commercial fleet charging hubs. A recent announcement has revealed a major funding boost that will enable the company to expand its operations considerably.
In a significant milestone, EV Realty has secured a commitment of $75 million in growth equity from private equity investor NGP. This funding will play a crucial role in enhancing the company’s portfolio of Powered Properties, specifically focusing on commercial fleet charging hubs that are essential for the electrification of transport.
Expansion of EV Realty's Charging Infrastructure
The investment will primarily finance EV Realty’s first large-scale multi-fleet truck charging project. This ambitious project involves the establishment of a 76-stall charging hub located in San Bernardino, California. This facility is designed to accommodate the charging needs of over 200 Class 8 trucks daily, representing a substantial leap in EV infrastructure capability.
The San Bernardino charging hub will feature:
- 9.9 MW of grid capacity
- 76 DC fast charging ports
- Megawatt charging pull-through stalls
The groundbreaking ceremony for this innovative facility was held on September 18, 2025, marking the beginning of a new era in electric trucking infrastructure.
Market Context: The Need for Electrification
The logistics and freight transportation sector is at a pivotal point. As more companies shift towards sustainable practices, the demand for reliable and efficient charging infrastructure is increasing. Patrick Sullivan, CEO of EV Realty, highlighted this trend, stating, “The market is experiencing near-term challenges, but the longer-term trend toward fleet electrification is unmistakable.”
Several factors are driving this transition:
- Advancements in vehicle technology
- Decreasing battery costs
- Economic incentives for businesses to adopt electric fleets
These elements are enabling fleets to transition to electric vehicles more economically than ever before, enhancing their competitiveness in a changing market.
Strategic Importance of the San Bernardino Location
The location of the San Bernardino hub is strategically significant, situated in a vital freight and logistics corridor known as the Inland Empire. This region is home to nearly 17,000 medium and heavy-duty trucks, making it an ideal site for a comprehensive charging solution.
The facility aims to cater to regional and short-haul fleet customers, providing them with the necessary infrastructure to operate efficiently while reducing their carbon footprint. The project is not only beneficial for EV Realty but also aligns with broader environmental goals as it receives backing from various organizations:
- South Coast Air Quality Management District
- California Energy Commission's EnergIIZE program
Future Prospects for EV Realty and the Charging Hub
With the San Bernardino hub set to open later this year, EV Realty is positioning itself to be a leader in the electric truck charging infrastructure. This project serves as a critical step towards creating a robust ecosystem for electric fleets, ultimately influencing the broader adoption of electric vehicles across the logistics sector.
Broader Implications for the Electric Vehicle Market
The development of charging hubs like the one in San Bernardino reflects a growing recognition of the need for sustainable infrastructure. As the world moves towards electrification, such investments will pave the way for:
- Increased adoption of electric vehicles
- Reduction in greenhouse gas emissions
- Support for local economies through job creation in green technology
Furthermore, the success of these initiatives can establish a model for future projects across the country, encouraging more stakeholders to invest in electric mobility solutions.
Conclusion
EV Realty's recent funding and the groundbreaking of its San Bernardino charging hub underscore the essential role that infrastructure plays in the transition to electric transportation. As companies continue to innovate and adapt to new technologies, the future of freight and logistics in the electric age looks promising.
For more information on the latest developments in the trucking industry, visit Truck News, where industry experts provide insights on trends, technology, and best practices.
Leave a Reply