EV Realty has secured a US$75 million growth equity commitment from private equity investor NGP to support the expansion of its Powered Properties portfolio of commercial fleet charging hubs.
The investment will help fund the company’s first large-scale multi-fleet truck charging project — a 76-stall hub in San Bernardino, Calif., capable of charging more than 200 Class 8 trucks per day. The facility will include 9.9 MW of grid capacity and 76 DC fast charging ports, including megawatt charging pull-through stalls. The official groundbreaking of the facility took place Sept. 18, 2025.
“The market is experiencing near-term challenges, but the longer-term trend toward fleet electrification is unmistakable – vehicle technology is improving, battery costs are falling and we’re enabling customers to make the transition economically today,” said Patrick Sullivan, CEO of EV Realty, in a news release.
The project will serve regional and short-haul fleet customers in a key Inland Empire freight and logistics market – home to nearly 17,000 medium and heavy-duty trucks. It has funding support from the South Coast Air Quality Management District and a conditional award from the California Energy Commission’s EnergIIZE program. The charging hub is scheduled to open later this year.
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