EV Realty is betting the missing link in electric trucking is real estate

Electric commercial trucks have begun to close. And this progress brings a new slate of challenges to jump on how the operators can create charging infrastructure for the growing EV fleet.

Giving the grid limit, this is not always possible. EV trucks are one of the many power users currently searching for space on the growing electric grid. And even though today’s demand is small – several thousand units are currently working – more than half the technology is running the technology, Accordingly In McKins.

A startup, EVThe grid is looking for free space and hoping to fill the vacuum by developing those features in charging hubs that can serve multiple fleets. The company operates five charging hubs in California – closer to all warehouses, ports and other industrial property.

EV Realty has recently collected $ 75 million to produce additional charging hubs throughout California, the company exclusively informed TechCrunch. Private equity investor NGP has led the round with the contribution of EV Real’s management team.

This fund will help build new centers in California in California, including a 76-stall charging site in San Bernardino, California. The site will have four “pull” stalls with the megawat charging system plugs that allow the trailer to put a semi -truck on top without uncovering. At the time of opening, the hub should be able to charge 200 class 8 trucks per day.

The company model itself after digital reality, the Real Estate Investment Trust that creates and operates data centers. “It was a new type of infrastructure for real estate,” EV Real’s co-founder and CEO Patrick Sullivan told TechCrunch. He added, EV real is “very the same idea.”

The EV Realty site found its in-house software, which map electric grid, vehicle density, traffic patterns, real estate and map of potential customers.

The company is searching for free space on the grid – a lot like data centers. However, the smaller footprints of the charging hubs, both of the land and the megawat, give EV real options, Sullivan said. “They are looking for hundreds and hundreds of megawatts, and we are looking for ten megawatts,” he said.

Although some fleet is hesitant to accept electric trucks, Sulivan has seen a lot of demand in the near future. “We obviously, we see more interest from the customers that make the switch now they see the opportunity and want to do more.”