SAN FRANCISCO, Calif. — EV Realty is announcing that Outpost, a GreenPoint portfolio company, has contributed assets for a direct minority investment in the company.
This additional investment positions EV Realty to continue scaling its Powered Properties portfolio to enable trucking fleet electrification along key freight corridors. As part of this effort, EV Realty also announced it has acquired an industrial property in Stockton, Calif. that is ideally located for freight and logistics operations in a rapidly growing, power constrained region central to trucking operations in Northern California, according to a company press release.
“EV Realty, our investors, and our project partners continue to see compelling opportunities to create value by serving the charging and logistics needs of fleet operators,” said Patrick Sullivan, EV Realty CEO. “Today’s announcements are important milestones in our shared mission to electrify trucking and help forward-looking fleets successfully compete in a rapidly evolving market.”…