Volta Industries, Inc.
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Volta Industries, Inc. - overview
Established
2010
Location
San Francisco, CA, US
Primary Industry
Energy Storage & Batteries
About
Founded in 2010 and based in California, US, Volta Industries, Inc. operates as a provider of electric vehicle charging stations and partners with brands to enable drivers to charge their cars for free. The company was co-founded by CEO Scott Mercer, President Christopher Wendel, and Head of Engineering Michael Menendez. In January 2023, Shell USA, Inc.
acquired Volta Industries, Inc. for USD 169 million. The acquisition enables Shell USA, Inc. to accelerate decarbonization of the transportation sector.
Volta's business model centers around evolving spending habits caused by the move to electric vehicles by building a charging infrastructure that reinforces desired behaviors at each location. Volta's charging stations feature are digital displays that function as a media network, providing brands a way to reach shoppers moments before they enter a store. The company's charging stations benefit brands, consumers, and real-estate locations by providing valuable advertising space to businesses and free charging to drivers.
Current Investors
Virgo Investment Group, Autotech Ventures, Celesta Capital
Primary Industry
Energy Storage & Batteries
Sub Industries
Energy Storage & Batteries
Website
www.voltacharging.com
Verticals
Clean Technology, Electric & Hybrid Vehicles
Total Amount Raised
Subscriber access only
Volta Industries, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | Volta Industries, Inc. | - |
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