3V Infrastructure, a new player in the electric vehicle (EV) charging sector, has announced its launch with a focus on enhancing EV charging accessibility. The company specializes in installing and operating Level 2 EV chargers at long-dwell locations, such as multifamily housing units and hotels, without incurring upfront or ongoing costs for property owners and managers. With up to $40 million in backing from an affiliate of Greenbacker Capital Management, 3V Infrastructure aims to address the gap between EV adoption and available charging infrastructure.
As EV adoption accelerates, the shortage of charging stations becomes a growing concern. A recent JD Power study highlighted that many potential EV buyers are deterred by the lack of charging station availability. While Level 3 chargers are being developed for public, centralized locations, most Level 2 chargers are found in single-family homes, limiting access for those living in multifamily settings. 3V Infrastructure seeks to bridge this gap by expanding Level 2 charging access to new markets.
“3V Infrastructure is dedicated to addressing the overlooked area of Level 2 EV charging at long-dwell properties,” said Aubrey Gunnels, Co-Founder and CEO of 3V Infrastructure. “Drivers are increasingly looking to charge their vehicles during extended periods of rest, similar to how they charge their phones.”
Research shows that 27% of apartment renters and 20% of hotel guests desire EV charging amenities, yet fewer than 5% of rental properties currently offer them. With EV charging set to become as common as Wi-Fi, 3V Infrastructure aims to meet this demand by removing the complexities and costs associated with installing and maintaining charging infrastructure. The company manages the entire process, from permitting and utility setup to ongoing maintenance, allowing property owners to offer this valuable amenity without significant investment.
“Our team’s extensive expertise in EV technology, real estate, and infrastructure positions us to drive the future of EV adoption,” said Ben Kanner, Co-Founder and COO of 3V Infrastructure. “We believe that with the right technology and infrastructure, we can unlock the next wave of EV growth.”
Quinn Pasloske, Principal at Greenbacker, expressed enthusiasm about the partnership, stating, “We’re excited to support 3V’s innovative approach to expanding Level 2 charging. Their focus on real estate owners and managers allows them to deliver accessible and affordable charging solutions, capitalizing on the sector’s long-term potential.”
3V Infrastructure is targeting real estate portfolios with over 20 properties, focusing on broad and rapid deployment. By addressing current and future charging needs, 3V aims to transform the EV charging landscape and support the widespread adoption of electric vehicles.
