EV Realty bets that the missing link in electric truck is real estate

Electric commercial trucks begin to take off. And this progress comes with a new challenge plate for exploitation bodies that are struggling with how to build charging infrastructure for the growing fleets of EV.

Given the restrictions of the grid, this is not always possible. EV trucks are one of the many energy users who are currently looking for an increasing electricity grid. And while today’s demand is small – only a few thousand units are currently operating – over half of fleet pushing technology, according to At McKinsey.

A boot, Ev realtyHe hopes to fill the gap, finding free space in the network and developing these properties at charging knots that can serve multiple fleets. The company is exploiting five charging knots in California – all near warehouses, ports and other industrial properties.

EV Realty recently increased $ 75 million to create additional charging hubs across California, the company told TechCrunch exclusively. The NGP private stock investor led the round with the EV Realty management team.

Funding will help the company create new nodes in California, including a rapid 76 -seat charging area in San Bernardino, California. The site will have four “pull” benches with Megawatt charging plugs that allow a semi -payroll to complete without exceeding the trailer. When open, the node should be able to charge more than 200 category 8 trucks a day.

The company has been modeling after digital real estate, the Trust Investment Trust that creates and exploits data centers. “It was a new kind of real estate infrastructure class,” said Patrick Sullivan, co -founder and chief executive of EV Realty at TechCrunch. EV Realty, he added, is “very much the same idea”.

EV Realty found the site using its home software, which maps the electricity grid, vehicle density, traffic standards, real estate use and potential customers.

The company is looking for free space in the network – such as data centers. However, the smaller fingerprints of charging nodes, both in terms of extent and megawatts, give EV Realty more options, Sullivan said. “They are looking for hundreds and hundreds of megawatts, and we are looking for dozens of megawatts,” he said.

While some fleets hesitate to adopt electric trucks, Sullivan sees plenty of demand in the near future. “We see, honestly, more interesting right now than the customers who have made the switch. They see the opportunity and want to do more.”