Hardware

Northleaf Capital Markets acquires EVPassport, commits $200M

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October 16, 2023

Northleaf Capital Partners, a global private markets investment firm, has agreed to acquire a controlling stake in EVPassport Inc., an electric vehicle charging platform company co-founded by CEO Hooman Shahidi and CTO Aaron Fisher, which focuses on the deployment of Level 2 and Level 3 EV chargers across North America.

Funds managed by Northleaf have committed $200 million to fund EVPassport's capital requirements and accelerate the build out of EV charging systems, according to a press release.

EVPassport provides an end-to-end EV charging solution to both enterprise and commercial businesses. The company allows for charging infrastructure to be installed under an infrastructure-as-a-service model. This contractual framework is paired with a technology platform that features open API integrations and an app-less charging experience.