EV Reality, a San Francisco, CA-based scalable charging solutions for commercial truck fleets, raised $75M in growth funding.
Backers included NGP alongside contributions from EV Realty’s management team.
The company intends to use the funds to expand operations and its development efforts.
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Led by CEO Patrick Sullivan, EV Realty develops, owns, and operates high-powered EV charging hubs designed to solve a critical barrier to fleet electrification: access to reliable, low-cost, scalable grid power.
Its Powered Properties are strategically located near major freight corridors and industrial centers, providing its customers with dedicated, secure charging solutions where and when they need it most. By aggregating multiple fleets onto shared, private infrastructure, we reduce costs, improve truck utilization, and deliver services that critical commercial fleets require to keep moving.
EV Realty and Prologis Mobility plan to coordinate access to high-power charging infrastructure at regional hubs located near ports, logistics centers and major freight routes. Once operational, the shared access model will offer fleet operators a more consistent and scalable approach to charging across key California freight regions and corridors. The first hubs will open to customers later this year in Vernon and San Bernardino, with more to come across both Northern and Southern California.
“Simplified charging solutions are critical to scaling electric fleets,” said Patrick Sullivan, chief executive of EV Realty. “Charging infrastructure isn’t just about hardware—it’s about a seamless customer experience that actually works for operators in the field. This collaboration tackles the practical challenges that drivers and fleet managers face every day by creating a more unified system that can scale with demand.”
The initiative targets a key hurdle in commercial EV adoption: a fragmented charging ecosystem that forces operators to juggle multiple networks, platforms, and access tools. By streamlining access and software systems across both networks, EV Realty and Prologis Mobility aim to simplify charging and reduce delays for fleet managers.
The initiative reflects findings from a joint study by Prologis and the MIT Climate and Sustainability Consortium, which identified shared infrastructure models as a key enabler of commercial EV deployment.
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