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#57: EV Realty raises $75M for truck charging

EV Realty building California truck hub, Congress nears federal shutdown, Voltpost launches lamppost charger

Author

Steve Taylor
September 27, 2025

The Business and Policy of Charging Infrastructure

The 3 big stories

  • EV Realty raises $75M to build a 76-stall charging hub in San Bernardino

  • Congress heads toward Oct. 1 shutdown with no deal in sight

  • Voltpost launches streetlight-mounted charging platform in Brooklyn

Plus, featured jobs and news.

Enjoy,
Steve

Industry News

EV Realty has raised $75M from private equity group NGP to build a 76-stall charging hub in San Bernardino, California. The site will be capable of handling over 200 Class 8 trucks daily. The charging hub will serve multiple fleets rather than a single operator, spreading infrastructure costs across users.

This funding builds upon EV Realty's $200M joint venture with GreenPoint Partners announced in April 2024.

EV Realty joins a growing list of companies rushing to electrify Southern California's freight corridors, including Terawatt Infrastructure, WattEV, Forum Mobility, Zeem, and logistics giants like Prologis and Schneider National. Competitors such as Greenlane are experimenting with open-access "truck stop" models, but EV Realty is betting on guaranteed revenue through long-term contracts.

This $75M investment comes despite regulatory headwinds.

Republicans have ended federal EV tax credits and revoked California's zero-emissions truck mandates, creating policy uncertainty. Trade disputes and tariffs are further complicating demand forecasts.

Steve’s take

EV Realty's contract-first approach shows a maturation of fleet charging from speculative venture to infrastructure-as-a-service. By securing anchor customers on long-term agreements, the company avoids the revenue volatility that historically challenges public charging networks.

The 76-stall, 10 MW scale shows that truck charging has graduated from pilot projects to utility-grade infrastructure.

With NGP's backing and the existing GreenPoint joint venture, EV Realty is positioning itself as a leader in heavy-duty charging. The real differentiator will be execution speed.

Utility interconnection delays remain a chronic bottleneck, and competitors like Terawatt and WattEV are moving aggressively.

But EV Realty's focus on contracted fleet economics rather than speculative demand arguably creates a more durable business model, even in an unpredictable policy environment.

Power and Policy

Here’s where things stand as of Saturday, Sept. 27.

Congress is four days from the new fiscal year (Oct. 1) with no agreement in sight. The House narrowly passed a short-term funding bill on Sept. 19 to keep agencies open through Nov. 21, but the Senate blocked it 44–48 the same day; a Democratic counter-proposal also failed, 47–45. That leaves no live vehicle to avoid a lapse in funding. 

The White House escalated stakes this week. In a memo first reported midweek, the Office of Management and Budget told agencies to prepare “reduction-in-force” plans—not just temporary furloughs—if money runs out. It’s a sharp break from past shutdown playbooks and a hardball signal in the standoff with Senate Democrats over health-care provisions they want included in a stopgap. 

Rob’s take

Politically, the messaging war is in full swing. House Democratic Leader Hakeem Jeffries says Republicans and President Trump are “marching the country” toward a shutdown by refusing to negotiate on health-care funding; Democrats remain publicly unified. Trump canceled a planned sit-down with Democratic leaders earlier in the week, hardening the lines. 

What to watch through Tuesday:

  • Whether Senate leaders try another vote on a pared-back stopgap—or if the House, which signaled it wouldn’t return on Sept. 29–30, changes course.

  • Whether the administration publishes detailed, agency-by-agency contingency plans it has so far kept close. 

Unless there is a dramatic reversal by Republicans or Democrats, it seems a near certainty that we will see the first shutdown of the second Trump era come 1 Oct.

Emerging Tech

Voltpost has launched Voltpost Air, a modular charger designed to mount directly on streetlights and other existing poles. The company debuted the system in Brooklyn during Climate Week with support from NYCEDC, NYSERDA, and Con Edison.

The design avoids costly excavation and utility upgrades, allowing installation in just a few hours at a fraction of the price of traditional Level 2 chargers. A retractable cable protects against vandalism, and an app provides real-time availability and flexible payments.

By repurposing existing infrastructure, Voltpost Air addresses one of the sector’s biggest gaps: affordable, accessible charging in dense urban areas where private garages are rare. With millions of streetlights nationwide, the potential scale is massive. Early pilots in Illinois and Michigan show the model can extend far beyond New York.

Steve’s take

I love Voltpost’s infrastructure arbitrage strategy. They’re exploiting the gap between what it costs to deploy chargers “from scratch” versus what it costs to retrofit underutilized infrastructure.

These early pilots are promising, but Voltpost’s success will depend in large part on municipal adoption speed. This week, Voltpost added Gabe Klein as an Advisor. Gabe’s experience navigating urban mobility policy throughout this career will be important in overcoming the regulatory bottlenecks that have stalled charging infrastructure deployment in dense markets.

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⚡️Steve and Rob

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