April 2025 – In a move that underscores growing investor confidence in the intersection of clean mobility and digital infrastructure, Nuveen, a global investment manager with deep experience in climate-aligned assets, has announced a USD 13.5 million investment in Fabric, a pioneering technology company building smart infrastructure for the future of electric mobility.
This latest funding round is set to accelerate Fabric’s mission to modernize the way fleets, energy providers, and infrastructure developers manage and deploy EV charging networks. At the heart of Fabric’s offering is an IoT-enabled software platform that provides real-time data for fleet performance, charger health, energy management, and predictive maintenance—ensuring operational efficiency and grid alignment at scale.
As the global shift to electric mobility accelerates, so does the complexity of fleet management. Fabric addresses this by equipping operators with tools to oversee multi-site, multi-vehicle charging ecosystems using a single, intuitive dashboard. The platform is designed to be hardware-agnostic, compatible with a wide variety of EV chargers, and adaptable to both public and private deployment models.
This funding from Nuveen will support:
Platform scale-up to meet rising demand across North America and other global markets
Development of new software features to enhance charger visibility, uptime, and energy optimization
Expansion of Fabric’s partnership ecosystem with OEMs, utility providers, and fleet managers
Fabric’s long-term goal is to become the foundational infrastructure layer that supports connected, data-driven EV deployments across commercial and municipal sectors.
Why Nuveen’s investment matters
Nuveen’s backing is notable not just for the capital, but also for the strategic alignment. The firm is a major player in climate-aligned infrastructure investments and views scalable technology solutions like Fabric as essential to decarbonizing transportation. As cities and companies around the world work toward net-zero targets, integrated digital solutions are becoming just as important as vehicles and chargers themselves.
Fabric’s technology enables predictive diagnostics, energy load balancing, and optimized charging schedules—helping fleet operators reduce costs and emissions while improving uptime.
A growing need for digital EV infrastructure
As EV adoption expands, so does the need for smarter backend infrastructure. Challenges such as charger availability, grid strain, real-time coordination, and maintenance become more complex at scale. Fabric’s ability to address these through real-time intelligence and platform interoperability makes it a valuable partner for the ecosystem’s next growth phase.
Nuveen’s investment will not only help Fabric scale its solutions but also signals a broader market shift—where infrastructure investment is increasingly driven by digital capability, sustainability performance, and operational intelligence.
With this partnership, Fabric is poised to lead the transformation of EV fleet infrastructure into a more efficient, connected, and climate-aligned model—critical for the future of urban mobility.
