Northleaf Capital Partners, a global private markets investment firm, has agreed to acquire a controlling stake in EVPassport, an electric vehicle (EV)-charging platform company that 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.
EVPassport was co-founded by Hooman Shahidi, CEO, and Aaron Fisher, chief technology officer. EVPassport provides an end-to-end EV-charging solution to both enterprise and commercial businesses. The company’s business model allows for charging infrastructure to be installed under an infrastructure-as-a-service (IaaS) model, supporting its client base with turnkey solutions. This contractual framework is paired with an advanced technology platform that prioritizes the customer experience through high reliability, open API integrations, and an app-less chargi