Hypercharge to acquire Texas-based REVS Charging for up to 4.75 million US dollars, establishing US operating platform
By Eve
Hypercharge Networks Corp. announced on 29 September 2026 that it has signed a definitive agreement to acquire 100% of REVS Charging LLC, a Texas-based EV charging provider, for an enterprise value of up to 4.75 million US dollars. The transaction, expected to close on 1 October 2026 pending TSX Venture Exchange approval, will establish Hypercharge's on the ground US operations to complement its existing charging network across 14 states and expand its owned and operated infrastructure portfolio. The purchase price comprises 3 million US dollars (63%) in Hypercharge common shares at closing, issued at a deemed price of 0.23 Canadian dollars per share, with the remainder subject to customary closing adjustments.
Why it matters
The acquisition gives Hypercharge a direct US operational foothold and expands its owned charging assets, potentially creating new procurement opportunities for site development and equipment supply across its enlarged 14 state footprint. The deal structure signals continued consolidation in the North American charging sector, with operators seeking scale through acquisition to boost recurring revenue streams.
Source
- Original title
- “Hypercharge to Acquire REVS Charging, Establishing U.S. Operating Platform and Expanding Charging and Services Revenue”
- Published
- 29 September 2026
In this story
- Topic
- EV Charging
- Place
- United States
- Tags
- Hypercharge · REVS Charging
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