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Volta Industries, Inc.

Company Summary

Description

For over a decade, Volta has been building a nationwide electric vehicle charging network to drive the world forward. Named after Alessandro Volta, the inventor of the electric battery, Volta's award-winning charging stations benefit brands, consumers, and real-estate locations by providing valuable advertising space to businesses and free charging to drivers. Strategically located in places where consumers already spend their time and money, Volta's chargers are among the most used electric vehicle charging stations in the United States.  Headquartered in San Francisco, Volta is bringing to communities the means of building a sustainable fueling network for the 21st century.

Website

https://voltacharging.com/

Operational Regions

  • North America

Recent news

  • 2/8/2021 - Volta Industrues, an EV... (subscriber access)

Company Transactions

Date: 3/31/2021
Type: Acquisition

NOTES:
Volta Industries has reached deal to be acquired by publicly traded Tortoise Acquisition Corp. II which will allow the merged firm to go public under the new ticker "VLTA." The pro forma equity value of the combined firm will surpass $2 billion at the $10 per share private placement of common stock. Volta will use net proceeds of $600 million to accelerate the buildout of their existing EV charging network. Those proceeds are split between a $300 million private offering and $345 million in cash held in trust.
REGIONS:
  • North America