3V Infrastructure Launches with $40M to Expand EV Charging Access
3V Infrastructure announced its launch with up to $40 million in funding from a Greenbacker Capital Management affiliate. The company is dedicated to expanding Level 2 electric vehicle (EV) charging infrastructure in multifamily housing, hotels, and other long-dwell properties with the goal of closing the EV charging access gap, particularly for those living in multifamily properties.
While private and public financing sources are heavily focused on installing Level 3 chargers at centralized, public sites like gas stations, most Level 2 chargers are currently placed in single-family homes, limiting access for drivers living in multifamily complexes, the company said.
“3V Infrastructure is hyper-focused on an overlooked and underfunded asset class of EV infrastructure: Level 2 chargers at long-dwell properties,” said Aubrey Gunnels, co-founder and CEO of 3V Infrastructure. “Consumer behavior and market signals indicate that drivers want to charge their vehicles like they charge their cell phones – when they’re at rest for extended periods of time.”
The New York City-based company said it is collaborating with real estate portfolio owners and managers who have large portfolios of long-dwell properties, such as apartments and hotels.
