EVII Mission Hills has closed an equity crowdfunding round to finance a Tesla charging hub in Los Angeles in Mission Hills, California. With the crowdfunding being pushed through Meta and TikTok and funded entirely by retail investors instead of institutional capital, it had an average investment of just $454, with the minimum investment of only $100.44.
The raise was hosted on Issuance and reportedly raised a total of $2,120,173 from 4,662 investors spanning five locations: United States, Canada, Australia, the United Kingdom, and Guam. They will take direct equity in EVII Mission Hills, Inc. The success of this raise wasn’t just down to the idea of a charging hub. Revenue will also be generated from amenities and advertising, as well as from the fast charging you’d expect.
When and Where the Tesla Charging Site Will Be Built in Mission Hills
The site is yet to be constructed. But with the raise now closed ahead of the January 31, 2026 deadline, the work can begin at 15555 San Fernando Mission Blvd in Mission Hills. It’s where Interstate 405, Interstate 5, and State Route 118 converge. Roughly 577,000 vehicles pass through this corridor every day. Only 19 Tesla V4 Superchargers will be built, fitted with both NACS and CCS connectors, including two ADA-accessible stalls.
EV Initiative, the developer behind EVII Mission Hills, targets permits in April of this year. Construction will begin a month later. The site is expected to launch in Q1 of 2027.
The site will lean into Experience-Driven Charging, with it also expecting a KioSoft KioCafe 3.5E robotic barista, a gourmet food trailer, smart vending, architectural canopies, AI-monitored security cameras, and a digital loyalty platform.
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Revenue will come from these businesses, as well as through digital and audio advertising.
“This is direct community ownership of EV infrastructure,” said Aaron Zeraldo, Chief Executive Officer of EV Initiative.
“Over 4,600 people invested in this project before a single shovel hits the ground,” he continued. “That level of early commitment reflects how much demand exists for infrastructure like this in Los Angeles.”
Chief Operating Officer of EV Initiative, Warren Navarro, added: “We grew the EV Initiative Investor & Entrepreneur Community, evinitiative.network from zero to 5,178 members during this campaign. That network, which includes investors, EV business builders, and industry followers, is the community for which we are developing Mission Hills.”
