Skip to main content

DC Fast Charging Fund Paths


Flexible funding for Level 3 DC fast charging

Level 3 DC fast charging requires more than installing equipment. A successful project must account for electrical capacity, utility upgrades, transformer requirements, civil work, equipment cost, demand charges, payment processing, networking, maintenance, insurance, customer support, and long-term operating responsibility.


Furst Charge helps qualifying property owners evaluate a DCFC structure that fits the site, the investment level, and the parties involved.

Depending on the opportunity, Furst Charge may evaluate:

  • Owner-funded DC fast-charging infrastructure.
  • Furst Charge-funded or Furst Charge-managed deployment.
  • Shared-capital partnerships.
  • Site-host lease or passive-income structures.
  • Revenue-share agreements.
  • Incentive-supported or utility make-ready-supported projects.
  • Phased DCFC deployment with future expansion capacity.


How the payment waterfall works

Before revenue is divided between Furst Charge, the property owner, investors, lenders, or other approved parties, the charging station must first pay its operating obligations.



Standard revenue waterfall

  1. Gross charging revenue is collected.
    This includes customer payments for DC fast-charging sessions, such as per-kWh charging revenue, per-minute fees where applicable, session fees, idle fees, and other approved charging-related income.
  2. Transaction and payment costs are paid.
    This may include payment-processing fees, roaming fees, network transaction fees, charge-card fees, and applicable taxes or refunds.
  3. Operating expenses are paid.
    Operating expenses may include electricity, utility demand charges, network software, remote monitoring, maintenance, repairs, insurance, communications, snow removal, site services, customer support, and agreed reserve contributions.
  4. Required lender payments or senior obligations are paid, if applicable.
    If the project has financing, debt service and lender-required reserves may be paid before profit distributions, depending on the agreed financing documents.
  5. The remaining cash becomes distributable net revenue.
    Only after approved operating costs and senior obligations are paid does the project distribute remaining cash to the participating parties.
  6. Distributable net revenue is split under the agreed formula.
    The share may be 80/20, 70/30, 60/40, a fixed site-host payment plus a share of upside, or another negotiated structure.


Request a DC Fast-Charging Feasibility Study



Simple formula

Distributable Net Revenue =

Gross Charging Revenue

− Approved Operating Expenses

− Debt Service and Required Reserves

Party Distribution =

Distributable Net Revenue × Agreed Revenue-Share Percentage


Important: An 80/20 split generally means 80% and 20% of the remaining distributable net revenue—not 80/20 of gross customer charging revenue—unless the parties specifically agree otherwise in writing.




Scenario A: Owner-funded DCFC


Property owner funds the project and retains 80%


Best for: Property owners that want to own the asset, control the site, retain most project upside, and participate in the long-term value of the charging hub.


Structure

  • Property owner funds the DCFC equipment, installation, utility upgrades, civil work, and other project costs.
  • Furst Charge develops, installs, networks, operates, maintains, and supports the charging station.
  • The property owner owns the charging infrastructure or holds the agreed asset rights.
  • Furst Charge receives a 20% operating and management share after project operating expenses are paid.
  • The property owner receives 80% of distributable net revenue.



Example annual financials

ItemExample annual amount
Gross DCFC charging revenue$600,000
Electricity purchased from utility($240,000)
Demand charges and utility riders($54,000)
Network, payment processing, and roaming fees($30,000)
Maintenance, repairs, monitoring, and support($42,000)
Insurance, communications, and site services($18,000)
Operating reserve contribution($16,000)
Total approved operating expenses($400,000)
Distributable net revenue$200,000



Revenue distribution after expenses

PartyRevenue shareExample annual payout
Property owner80%$160,000
Furst Charge20%$40,000
Total distributed100%$200,000




How it works in practice

The property owner takes the larger share because the owner funded the project and accepted the greater upfront capital risk. Furst Charge earns a smaller percentage for operating the chargers, managing the network, handling support, coordinating maintenance, and helping protect uptime and customer experience.

This structure is often appropriate where a property owner wants a long-term income-producing asset but does not want to build an in-house EV charging operations team.




Scenario B: Furst Charge-funded DCFC


Furst Charge funds the project and retains 80%


Best for: Qualified public-facing properties that want to preserve capital and provide a DC fast-charging amenity without paying the full equipment and construction cost.


Structure

  • Furst Charge funds or arranges funding for the charging equipment and approved development costs.
  • The property owner provides a qualified site, parking spaces, access rights, visibility, cooperation with permitting and utility work, and long-term site control.
  • Furst Charge owns or controls the charging assets during the agreement term.
  • After approved operating expenses are paid, Furst Charge receives 80% of distributable net revenue.
  • The property owner receives 20% as compensation for hosting the charging station and providing the site.



Example annual financials

ItemExample annual amount
Gross DCFC charging revenue$750,000
Electricity purchased from utility($292,000)
Demand charges and utility riders($72,000)
Network, payment processing, and roaming fees($38,000)
Maintenance, repairs, monitoring, and support($52,000)
Insurance, communications, and site services($21,000)
Capital replacement reserve($25,000)
Total approved operating expenses($500,000)
Distributable net revenue$250,000



Revenue distribution after expenses

PartyRevenue shareExample annual payout
Furst Charge80%$200,000
Property owner / site host20%$50,000
Total distributed100%$250,000



How it works in practice

Furst Charge receives the larger share because it has assumed the project-development, equipment, construction, financing, operating, maintenance, utilization, and asset-performance risk.


The property owner can receive recurring participation in the charging opportunity without committing the same level of capital as an owner-funded deployment.


A project may also use a fixed site-host lease payment, a minimum annual payment, a percentage-of-revenue payment, or a hybrid of fixed compensation plus revenue share. The right structure depends on the site’s projected revenue, capital requirements, utility costs, and contract term.




Scenario C: Co-funded DCFC partnership


Capital is shared; net revenue is split 60/40


Best for: Owners with strong locations that are willing to invest alongside Furst Charge but want to avoid carrying the full cost of a DCFC project.


Structure

  • The property owner and Furst Charge each contribute defined value to the project.
  • Contributions may include cash, equipment, site work, civil engineering, electrical upgrades, transformer costs, parking rights, construction support, long-term land rights, incentives, or access to financing.
  • The parties agree on the ownership structure, responsibility matrix, and revenue-sharing formula before construction.
  • For this example, the property owner receives 60% of distributable net revenue and Furst Charge receives 40%.



Example capital contribution

Contribution categoryProperty ownerFurst Charge
Civil work, parking modifications, and site preparation$150,000—
Utility and electrical upgrades$250,000$100,000
DCFC equipment and commissioning—$450,000
Development, design, deployment, and launch support—$100,000
Total example contribution$400,000$650,000



The revenue split does not have to exactly match the initial capital contribution. It can reflect the value of site control, equipment ownership, development work, risk allocation, ongoing operating obligations, and future capital responsibilities.



Example annual financials

ItemExample annual amount
Gross DCFC charging revenue$900,000
Electricity purchased from utility($350,000)
Demand charges and utility riders($88,000)
Network, payment processing, and roaming fees($45,000)
Maintenance, repairs, monitoring, and support($60,000)
Insurance, communications, and site services($25,000)
Reserve for equipment replacement and major repairs($32,000)
Total approved operating expenses($600,000)
Distributable net revenue$300,000



Revenue distribution after expenses

PartyRevenue shareExample annual payout
Property owner60%$180,000
Furst Charge40%$120,000
Total distributed100%$300,000



How it works in practice

This structure works when both parties bring material value to the project.

For example, the owner may fund site-specific infrastructure, provide a long-term ground lease, contribute electrical upgrades, and provide a strategic high-traffic location. Furst Charge may supply the DC fast chargers, lead development, operate the network, manage pricing, oversee maintenance, and provide the technology and customer-service platform.


The agreement should clearly define:

  • Initial capital contributions.
  • Equipment ownership.
  • Responsibility for utility upgrades and unexpected construction costs.
  • Which expenses are paid before distributions.
  • Whether debt service is paid before revenue sharing.
  • Minimum site-host obligations.
  • Maintenance and uptime responsibilities.
  • Reserve-account requirements.
  • Revenue-sharing percentages.
  • Buyout rights, renewal terms, and end-of-term asset ownership.



Scenario D: Investor-backed DCFC


Investor capital is repaid first, then remaining cash is split


Best for: Larger DCFC hubs, strategic highway locations, redevelopment sites, projects with substantial utility upgrades, or opportunities where the property owner and Furst Charge want to limit their direct capital requirement.


Structure

  • An investor, lender, or capital partner provides some or all project capital.
  • Furst Charge develops, deploys, operates, monitors, and maintains the DCFC station.
  • The site host provides the property rights, parking area, access, and agreed site support.
  • Project operating expenses are paid first.
  • Debt service, preferred investor distributions, and required reserves are paid next.
  • Remaining cash is split between Furst Charge, the investor, and the site host under an agreed waterfall.


Example distribution waterfall

For illustration only:

  1. Gross charging revenue is collected.
  2. Approved operating expenses are paid.
  3. Debt service and required lender reserves are paid.
  4. The investor receives its agreed preferred return or priority distribution.
  5. Remaining distributable cash is split:

    • Furst Charge: 50%
    • Investor: 30%
    • Property owner/site host: 20%


Example annual financials

ItemExample annual amount
Gross DCFC charging revenue$1,200,000
Electricity purchased from utility($480,000)
Demand charges and utility riders($115,000)
Network, payment processing, and roaming fees($60,000)
Maintenance, repairs, monitoring, and support($78,000)
Insurance, communications, property support, and administration($37,000)
Major repair and equipment replacement reserve($30,000)
Total approved operating expenses($800,000)
Cash flow before debt service$400,000
Annual debt service and lender-required reserves($140,000)
Cash flow available for distributions$260,000
Investor preferred return / priority distribution($60,000)
Remaining cash for 50/30/20 split$200,000



Final annual payout example

PartyPriority paymentShare of remaining cashTotal example annual payout
Investor$60,000$60,000$120,000
Furst Charge—$100,000$100,000
Property owner / site host—$40,000$40,000
Total distributed$60,000$200,000$260,000



How it works in practice

The investor receives a priority distribution because it supplied capital and accepted financing or investment risk. After that preferred return is paid, the remaining distributable cash is divided among the parties according to the negotiated agreement.


This type of structure can make a larger DCFC project possible where the project has strong site fundamentals but requires significant capital for utility service, transformers, switchgear, civil construction, charging equipment, and ongoing reserves.



Request a DC Fast-Charging Feasibility Study


Scenario comparison

ScenarioPrimary capital providerExpenses paid first?Example post-expense revenue splitBest fit
A — Owner-fundedProperty ownerYesOwner 80% / Furst Charge 20%Owner wants maximum control and long-term asset upside
B — Furst Charge-fundedFurst Charge or Furst Charge-arranged capitalYesFurst Charge 80% / Site host 20%Qualified site host seeking low upfront cost
C — Co-fundedProperty owner and Furst ChargeYesOwner 60% / Furst Charge 40%Both parties contribute capital or material project value
D — Investor-backedInvestor or lender, with Furst Charge and site host participationYes, plus debt service and priority investor paymentsExample: Furst Charge 50% / Investor 30% / Site host 20%, after investor priority payoutLarger or more capital-intensive DCFC hubs




Example monthly payout view

The same concept can be shown monthly for a site host or prospective partner.



Scenario B monthly example: Furst Charge-funded, 80/20 split

ItemMonthly example
Gross charging revenue$62,500
Approved operating expenses($41,667)
Distributable net revenue$20,833
Furst Charge share — 80%$16,666
Property owner/site-host share — 20%$4,167

Under this example, the site host does not receive 20% of the $62,500 gross charging revenue. The site host receives 20% of the $20,833 remaining after approved operating expenses have been paid.



What counts as an approved expense

To avoid confusion, the agreement should identify in advance which costs are paid before revenue distributions. Typical DCFC operating expenses may include:

  • Electricity supply charges.
  • Utility demand charges.
  • Utility riders, taxes, and applicable tariffs.
  • Payment-card processing fees.
  • Roaming and network transaction fees.
  • Charging network software and communications.
  • Cellular connectivity and data service.
  • Remote monitoring and station-management tools.
  • Preventive maintenance.
  • Corrective maintenance and repair labor.
  • Replacement parts and warranty-related costs not covered by the manufacturer.
  • Customer support and driver assistance.
  • Insurance.
  • Snow removal, striping, lighting, cleaning, security, and site services where applicable.
  • Permitting renewals, inspections, compliance reporting, and administrative costs.
  • Equipment replacement, repair, or capital-reserve contributions.
  • Debt service, lender reserves, and financing obligations where applicable.

The agreement should also require that costs be commercially reasonable, documented, and directly related to the charging operation. A site host should not be surprised by unexplained deductions before distributions are calculated.


Request a DC Fast-Charging Feasibility Study


Important terms to define

Every DCFC revenue-share agreement should clearly address:

TopicWhy it matters
Gross revenue definitionDefines which customer payments and other income enter the project revenue pool
Approved expense definitionDetermines which costs are paid before distributions
Utility-cost treatmentElectricity and demand charges can materially affect DCFC economics
Revenue-share percentageIdentifies how remaining distributable cash is divided
Payment timingMonthly, quarterly, annual, or another agreed schedule
Reporting rightsGives parties access to charging revenue, expenses, uptime, usage, and payout records
Minimum payment or leaseDetermines whether the site host receives a fixed amount regardless of utilization
Reserve accountsCreates funding for major repairs, charger replacement, or future upgrades
Equipment ownershipDefines who owns chargers, transformers, switchgear, and related infrastructure
Maintenance responsibilityClarifies who is responsible for repairs, uptime, customer support, and field service
Incentive ownershipIdentifies who receives rebates, tax credits, grants, and utility make-ready contributions
Contract term and renewalSupports underwriting and helps protect long-term site access
Early termination and buyout rightsDefines what happens if the owner sells the property or either party exits
End-of-term asset dispositionDetermines whether equipment is removed, transferred, renewed, or purchased



Important disclosure

All figures above are illustrations for discussion and website education only. Actual DC fast-charging revenue, operating expenses, utility demand charges, construction costs, available incentives, financing costs, site-host payments, and party distributions vary materially by location and must be confirmed through a project-specific feasibility study, utility review, underwriting model, and executed agreement.


Furst Charge evaluates each DCFC opportunity based on electrical capacity, traffic, public access, local EV demand, projected utilization, utility tariffs, demand-charge exposure, construction cost, site-control term, incentive availability, and long-term operating requirements. The Cartersville base study, for example, identified utility coordination, make-ready review, civil engineering, interconnection planning, and demand-charge strategy as central to the economics of a proposed 1,200 kW DCFC hub.


Illustrative examples only. Actual project revenue, expenses, payouts, financing terms, incentives, and funding eligibility vary by site.


Request a DC Fast-Charging Feasibility Study