Megawatt grants electrify truck charging corridors

News Snapshot:

Startup electric truck infrastructure developer WattEV won’t say how much money it has raised from investors. But its stunning accumulation of grant money is a bigger story. “It’s one of the things that definitely sets us apart,” co-founder and CEO Salim Youssefzadeh told me about his private company’s grant hoard. WattEV took in the largest chunk of $623 million — nearly 15% — the Federal Highway Administration awarded to 47 electric vehicle (EV) charging and alternative-fueling infrastructure projects in 22 states and Puerto Rico. The money comes from $2.5 billion allocated under the Bipartisan Infrastructure Law. $109M from federal programs...