Hypercharge Networks Eyes Texas EV Firm REVS Charging in Acquisition Deal
Canadian EV charging operator Hypercharge has signed a letter of intent to buy 100% of Texas-based REVS Charging LLC.
If you've been watching the electric vehicle charging space, here's a deal worth paying attention to. Hypercharge Networks Corp. — a Canadian EV charging operator trading on the TSX Venture Exchange — has signed a non-binding letter of intent to acquire REVS Charging LLC, a Texas-based provider of EV charging solutions. The agreement, dated May 27, 2026, would hand Hypercharge full ownership of REVS if the deal closes.
A letter of intent, or LOI, is essentially a handshake on paper — it signals serious intent but doesn't lock either side into a final deal. Think of it as the "we're really interested" stage before the lawyers and accountants dig into the details. Because this one is non-binding, either party could still walk away without penalty while due diligence plays out.
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For Hypercharge, scooping up a Texas-based operator would be a meaningful geographic expansion. Texas is one of the largest and fastest-growing EV markets in the United States, making it a logical target for a company looking to scale its charging network footprint beyond its current footprint. Adding REVS could give Hypercharge a ready-made presence in a state where EV infrastructure demand is intensifying.
The company trades under the ticker HC on the TSX Venture Exchange, as HCNWF on the OTC market, and as PB7 on the Frankfurt Stock Exchange — so investors across multiple markets will be watching to see whether this proposed transaction moves from letter of intent to a binding agreement. No financial terms of the deal were disclosed in the announcement.
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