EV Realty Acquires Gage Zero Assets for Expanded Fleet Charging
Deal News | Mar 06, 2025 | Globenewswire
EV Realty, Inc., a key player in EV infrastructure development for commercial fleets, has announced its acquisition of strategic assets from Gage Zero, an Austin-based company specializing in fleet electrification and infrastructure development. This strategic acquisition is set to bolster EV Realty's capacity in California and expand its network into Illinois and Texas. The assets acquired enhance EV Realty’s portfolio of grid-ready sites and align with their focus on low-cost, reliable EV charging solutions. The synergies between EV Realty's infrastructure development prowess and Gage Zero's market approach and customer relationships are anticipated to drive the transition to electric vehicles among trucking and logistics companies, catering to a growing demand for efficient and cost-effective freight solutions. This move also sees key personnel from Gage Zero joining EV Realty, ensuring continuity and value for stakeholders in an evolving regulatory and market environment.
Sectors
- Electric Vehicle (EV) Infrastructure
- Logistics and Transportation
Geography
- United States of America – The primary location of the operations of EV Realty and Gage Zero, with specific projects in California, Illinois, and Texas.
Industry
- Electric Vehicle (EV) Infrastructure – The development and deployment of charging infrastructure for electric vehicles, aiming to support the transition of commercial fleets to electric power.
- Logistics and Transportation – Involves the movement of goods and the focus on optimising freight lanes and reducing transportation costs through innovative charging solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EV Realty, Inc. | Acquirer | Company | A company focusing on developing, deploying, and owning EV charging infrastructure to electrify commercial fleets across the U.S. |
| Gage Zero | Target company | Company | An Austin-based company specializing in fleet electrification and infrastructure development. |
| Patrick Sullivan | Co-Founder and CEO of EV Realty | Person | The executive leader overseeing EV Realty's strategies and operations. |
| Zeina El-Azzi | Co-Founder and CEO of Gage Zero | Person | Leader of Gage Zero, contributing to strategic partnerships and development in the EV industry. |