3V Infrastructure expects to have 50 electric vehicle (EV) charging stations across parts of Camden Property Trust’s residential portfolio by the end of this year, with at least another 50 on the way in 2025 following a recent partnership between the two companies.

The fast-growing New York-based 3V Infrastructure, which was established just four months ago, announced this month it’s partnering with Camden Property Trust to deploy EV stations across the company’s portfolio of multifamily residential properties in Arizona, California, North Carolina and Texas.

The company expects to announce more portfolio-level partnerships in the coming months, and 3V Infrastructure CEO Aubrey Gunnels told NPM in a recent interview that the company would be entering the hotel and hospital/medical space in 2025.

For now, the company has a focus on multi-family residential properties, which makes up about 31% of housing in the country, per National Association of Home Builders data.

“At the end of the day we charge our cars like we charge our phones, which is at home, or when your car is at rest at long-dwelling locations,” Gunnels said, “We’re targeting multifamily first and foremost right now because we think it’s the sector that’s in the most need, and a space that we think that is really in high demand of chargers right now.”

Under the new agreement, 3V Infrastructure will install, own, operate and maintain Level 2 EV charging stations at Camden multi-family communities at no cost to Camden. Compared to fast charging Level 3 stations typically placed along travel corridors and in public spaces, Level 2 chargers are slower and more often used for residential properties or places where a vehicle is staying for a while.

Gunnels said the Level 2 charging sector has “mature” software and hardware technology than others but has been more ignored than other EV charging infrastructure options. More Level 2 chargers will be needed as EV adoption continues to grow in the market.

The initial 50-site wave of installations, which could each have between four to 10 chargers on average, will take place in:

• Austin, Texas

• Charlotte, North Carolina

• Phoenix, Arizona

• Various locations across California

The agreement contains plans to expand nationwide, per the announcement from the two companies, and Gunnels has already identified certain regions the company plans to enter: Denver, Colorado; Atlanta, Georgia; Washington D.C.; Raleigh, North Carolina; and Nashville, Tennessee.

“Those are also really high demand areas,” Gunnels said. “I would say the entire Camden portfolio is in markets that will have very high EV penetration by 2030.”

Camden has selected Loop Global as the hardware and software provider for the first phase of the projects.

Business background

3V Infrastructure is currently made up of a team of nine industry EV industry veterans with experience working at companies such as Evgo, ChargePoint, Loop, Uber and Tesla, to name a few. Gunnels comes from a transportation and infrastructure background but most recently was the head of EV charging at Radial Power LLC.

“While the team under the 3V name is new, everyone is a veteran in the market, so that allowed us to stand up really quickly,” Gunnels said.

The first two months of the company’s life were spent getting everyone online and the business established, and now 3V is already rolling out projects. The company is backed by an affiliate of investment advisory firm Greenbacker Capital Management LLC.

*This story was originally published exclusively for NPM subscribers last month.

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