EV Realty, a San Francisco–based Charging-as-a-Service (CaaS) company, announced that Outpost—a freight infrastructure provider and GreenPoint portfolio company since early 2024—has joined as a minority investor.
The new investment (an exact figure was not provided) will help EV Realty scale its Powered Properties portfolio to support fleet electrification along major freight corridors.
This past September, the company announced the acquisition of an industrial site in Stockton, Calif., strategically located for trucking and logistics in a fast-growing, power-constrained region of Northern California.
The new logistics hub is a four-acre truck and trailer yard at 1549 Industrial Drive in Stockton. The site sits just north of Stockton Airport, within two miles of I-5 and SR-99, and five miles from the Port of Stockton and other key facilities.
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EV Realty says it'll continue operating the property for truck and trailer parking as it finalizes plans for a large-scale, high-power charging hub for medium- and heavy-duty trucks.
[Related: Megawatt charging explained: What it is and why it matters]
"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 EV Realty CEO Patrick Sullivan. "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."
The announcements underscore EV Realty's momentum as it expands charging and logistics solutions for fleet operators. GreenPoint's investment follows NGP's recent $75 million commitment, and the Stockton site joins the company's San Bernardino hub in its growing California network with Prologis.
Backed by strong investors and more sites coming online, EV Realty is ready to help more fleets as the market, at least in the Golden State, heats up.
