Volta Charging is an American electric vehicle infrastructure company. As of September 2021, the company had installed more than 2,000 charging stations in twenty-three U.S. states.[1]
| NYSE: VLTA | |
| Industry | Electric vehicle infrastructure |
| Founded | 2010 in Hawaii |
| Founders |
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| Headquarters | 155 de Haro Street, , United States |
Key people | Vince Cubbage (Interim CEO) Brandt Hastings (Chief Commercial Officer) Drew Lipsher (Chief Development Officer) Francois Chadwick (Chief Financial Officer) |
| Parent |
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| Website | voltacharging |
Volta charging stations are compatible with all major plug-in hybrid and battery electric vehicle types in the United States and have a digital screen featuring advertisements. Generally, charging a vehicle at a Volta station is free, because Volta is supported by advertisements.[2]
On March 31, 2023, Shell USA acquired the company for approximately $169 million.[3]
History edit
Volta Charging was founded in Hawaii in 2010 by Scott Mercer and Chris Wendel.[1][4][5] Leonardo DiCaprio was an early investor in the company.[6][7][8]
In February 2021, it announced a special-purpose acquisition company merger with Tortoise Acquisition Company II.[9] After completing the merger, Volta went public on the New York Stock Exchange on August 27, 2021.[9][10]
By September 2021, the company had installed more than 2,000 charging stations in twenty-three U.S. states.[1] In November, Volta partnered with Topgolf to install charging stations at Topgolf entertainment centers across the United States.[11]
In the third financial quarter of 2021, Volta's revenues increased 77 percent year-over-year to $8.5 million.[7] In March 2023 the company was acquired by Shell USA in an all-cash deal.[12]
See also edit
References edit
- ^ a b c McInnis, Brian (September 3, 2021). "Former Hawaii startup Volta Charging goes public". Pacific Business News. Retrieved 11 January 2022.
- ^ Kolodny, Lora (August 18, 2021). "Tesla, Volta are EV owners' top picks for charging away from home, JD Power finds". CNBC. Retrieved 6 January 2022.
- ^ "Shell USA, Inc. Finalizes Acquisition of Volta Inc., Scaling up its U.S. Public Electric Vehicle Charging Network" (Press release). Shell. March 31, 2023. Retrieved 2024-03-11.
- ^ "Volta founder on strategies for electric vehicle charging stations". Yahoo! News. August 9, 2021. Retrieved 11 January 2022.
- ^ "Scott Mercer Chairman/CEO, Volta Inc". Bloomberg. Retrieved 11 January 2022.
- ^ Strauss, Sabrina (October 28, 2021). "Volta Delivers 100 Million Electric Miles to Drivers" (Press release). Volta Inc. Retrieved 11 January 2022 – via Business Wire.
- ^ a b Moadel, David (December 5, 2021). "Speculators can Charge Up their Portfolios with Volta Stock". Nasdaq. Retrieved 11 January 2022.
- ^ Leonardo DiCaprio [@LeoDiCaprio] (October 28, 2021). "We must move beyond a carbon based economy to prevent irreversible climate change. Pleased to work with @VoltaCharging who has delivered 100 million electric miles to EV drivers across the U.S. #VoltaPartner" (Tweet) – via Twitter.
- ^ a b Jasinski, Nicholas (August 27, 2021). "EV Charging Firm Volta Is Going Public But Raising Less Money Than Expected". Barron's. Retrieved 6 January 2022.
- ^ "Volta Charging to List on NYSE Under the Ticker "VLTA" Following Closing of Business Combination With Tortoise Acquisition Corp. II". Volta, Inc. August 26, 2021. Retrieved 11 January 2022 – via Business Wire.
- ^ Strauss, Sabrina (November 2, 2021). "Topgolf Partners With Volta to Add Electric Vehicle Charging Stations to Select Properties". Yahoo! News. Retrieved 11 January 2022.
- ^ "Shell Dramatically Expands Its Network of EV Charging Stations". Car and Driver. April 1, 2023.
External links edit
- Official website
- Business data for Volta Charging, LLC: