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Volta Charging was 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.
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.
On March 31, 2023,
In February 2021, it announced a
Shell USA
Shell USA, Inc. (formerly Shell Oil Company, Inc.) is the United States–based wholly owned subsidiary of Shell plc, a UK-based transnational corporation " oil major" which is among the largest oil companies in the world. Approximately 18,0 ...
acquired the company for approximately $169 million.
History
Volta Charging was founded inHawaii
Hawaii ( ; ) is an island U.S. state, state of the United States, in the Pacific Ocean about southwest of the U.S. mainland. One of the two Non-contiguous United States, non-contiguous U.S. states (along with Alaska), it is the only sta ...
in 2010 by Scott Mercer and Chris Wendel. Leonardo DiCaprio
Leonardo Wilhelm DiCaprio (; ; born November 11, 1974) is an American actor and film producer. Known for Leonardo DiCaprio filmography, his work in biographical and period films, he is the recipient of List of awards and nominations received ...
was an early investor in the company.
In February 2021, it announced a special-purpose acquisition company
A special-purpose acquisition company (SPAC; ), also known as a blank check company or a blind-pool stock offering, is a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus taking ...
merger with Tortoise Acquisition Company II. After completing the merger, Volta went public on the New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
on August 27, 2021.
By September 2021, the company had installed more than 2,000 charging stations in twenty-three U.S. states. In November, Volta partnered with Topgolf to install charging stations at Topgolf entertainment centers across the United States.
In the third financial quarter of 2021, Volta's revenues increased 77 percent year-over-year to $8.5 million. In March 2023 the company was acquired by Shell USA in an all-cash deal.
See also
*Charging station
A charging station, also known as a charge point, chargepoint, or electric vehicle supply equipment (EVSE), is a power supply electrical device, device that supplies electrical power for recharging plug-in electric vehicles (including batter ...
* Plug-in vehicle
*Plug-in hybrid vehicle
A plug-in hybrid electric vehicle (PHEV) or simply plug-in hybrid is a type of hybrid electric vehicle equipped with a rechargeable electric-vehicle battery, battery pack that can be directly replenished via a power cord, charging cable plugg ...
References
External links
* {{Finance links , name = Volta Charging, LLC , symbol = VLTA , reuters = , bloomberg = , sec_cik = VLTA , yahoo = VLTA , google = VLTA Electric vehicle infrastructure developers American companies established in 2010 Special-purpose acquisition companies Electronics companies established in 2010 Companies formerly listed on the New York Stock Exchange Companies based in San Francisco 2010 establishments in Hawaii 2023 mergers and acquisitions