EV Realty hires former Tesla Supercharger Development Lead Ben Prum amidst push to electrify commercial truck fleets.

SAN FRANCISCO--(BUSINESS WIRE)--EV Realty, Inc. (“EV Realty”), an EV infrastructure development platform purpose-built to maximize electric power availability for critical commercial fleets, today announced that it secured a $28 million investment from leading energy transition investors and expanded its executive team. Enabled by its founders’ decades of relevant leadership experience and unique understanding of the electric grid, renewable energy and the challenges facing commercial fleet operators, EV Realty is developing grid-scale charging infrastructure designed for fleet customers at strategically sited “powered-properties” in key commerce hubs and along last-mile routes. According to a 2020 report from the Brattle Group, an estimated $125 billion investment in grid updates and infrastructure is required by 2030 to support EV deployment. Against this backdrop of a constrained grid, EV Realty is focused on identifying and developing a portfolio of near-term, grid-ready charging depot projects that will power critical commercial operations, including delivery, utility, telecom, vocational and other light and medium-duty fleets. To support its expanding development portfolio, EV Realty recently raised institutional capital from NGP ETP, the energy transition investing platform of NGP, and Segue Sustainable Infrastructure, with participation from Fifth Wall, Broadscale Group and Alpaca