Reuben Munger is the founder and managing partner at Vision Ridge Partners. Vision Ridge has been managing institutional capital in sustainable real assets for more than a decade. The firm currently manages approximately $3.75 billion and identifies, develops and transforms complex assets across energy, transportation and agriculture. Kali Persall, editor of Institutional Investing in Infrastructure (i3), interviewed Munger for a recent video on the outlook for EV fleets. The following is a lightly edited excerpt of that conversation.

Where are you finding the most attractive investment opportunities for EV fleets today?

We have been looking at EV fleets in one way or another since the firm’s founding in 2008, and we invested in our