EV Realty has acquired assets from Gage Zero, a company that focuses on fleet electrification and infrastructure development.
“Commercial fleet electrification continues to advance as vehicle manufacturers make production and supply chain investments, battery costs decline, and leading fleets—including many of Gage Zero’s partners—see the potential for greater efficiency and lower costs associated with EV trucking,” said Patrick Sullivan, EV Realty’s co-founder and chief executive officer. “The combination of our two portfolios provides our shared customers more opportunity to plan around electrification within a broadly served regional network, which opens new freight lanes, allows trucks to be used more, and ultimately drives down costs for our customers, enabling a transition to EVs that makes dollars and sense.”
EV Realty said the transaction combines EV Realty’s infrastructure development and deployment with Gage Zero’s active development projects and customer relationships with regional trucking and logistics companies. As part of the acquisition, EV Realty acquired the Austin-based companies portfolio in California, including in-progress charging hub projects and other assets in Illinois and Texas. Some members of Gage Zero’s team are also joining EV Realty as part of the sale.
On its own, EV Realty acquired a charging site in Torrance, California late last year and is currently developing two more charging hubs in San Bernardino and Livermore.
