EVII Mission Hills has closed a $2.12m equity crowdfunding round to finance a Tesla charging hub at 15555 San Fernando Mission Blvd in Mission Hills, California, where Interstate 405, Interstate 5, and State Route 118 converge and roughly 577,000 vehicles pass daily. The raise, hosted on Issuance and promoted via Meta and TikTok, attracted 4,662 retail investors from the United States, Canada, Australia, the United Kingdom, and Guam, with an average investment of $454 and a minimum of $100.44. The site will feature 19 Tesla V4 Superchargers with NACS and CCS connectors, including two ADA-accessible stalls, with permits targeted for April 2025, construction starting in May, and launch expected in Q1 2027.
Why it matters: The deal demonstrates a novel retail crowdfunding model for charging infrastructure, bypassing institutional capital entirely and offering direct equity stakes to thousands of small investors. For CPOs and developers, it signals an alternative financing route for high-traffic sites, while the V4 hardware and dual-connector setup reflect the evolving North American charging standard landscape.