3V Infrastructure

Based in the US, 3V Infrastructure specializes in financing, owning, and operating Level 2 electric vehicle chargers, addressing the vital need for reliable EV charging solutions in high-demand locations. 3V Infrastructure focuses on the development and management of electric vehicle charging infrastructure. Founded by Aubrey Gunnels and Benjamin Kanner, the company has successfully engaged in 1 deal, culminating in a recent funding round on August 6, 2024, where it raised USD 40. 00 mn led by Greenbacker Capital Management.

The firm has not reported any pivots in its business strategy or the existence of subsidiaries. 3V Infrastructure specializes in the financing, ownership, and operation of Level 2 (L2) electric vehicle (EV) chargers. The company addresses the growing need for reliable EV charging infrastructure, particularly in long-dwell locations such as multifamily housing, hotels, and medical facilities. By offering L2 charging solutions, which are the most affordable and convenient form of charging, 3V aims to facilitate the transition to electric vehicles by ensuring that drivers can charge their vehicles while parked for extended periods, similar to charging a cell phone.

This service is particularly critical as 95% of car charging occurs in settings where vehicles are parked. 3V's client base includes property owners who recognize the importance of offering EV charging as a sought-after amenity, and the geographical markets for these services extend across urban areas experiencing increasing EV adoption. The revenue model for 3V Infrastructure is centered on partnerships and direct service agreements with property owners, enabling them to install and utilize L2 charging stations without incurring upfront capital expenditures or ongoing operational costs. Clients benefit from a no-capital-expenditure approach, which allows for seamless integration of EV charging infrastructure into their properties.

Transactions typically involve long-term partnership agreements where 3V finances the chargers and manages their operations, driving value for property owners by enhancing their amenities. This model not only supports the growth of EV infrastructure but also positions 3V as a crucial player in the EV market, capitalizing on the increasing demand for accessible charging solutions. In August 2024, 3V Infrastructure raised USD 40. 00 mn in venture funding led by Greenbacker Capital Management.

The company will use the funding to increase the scope of its development and activities, which may include upcoming product launches and potential geographical expansions. Specific target markets and regions have not been disclosed, but the company is poised to capitalize on the growing demand for EV infrastructure.