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To accelerate the electric vehicle movement by providing seamless, simple and free charging experiences.
-48% employee growth in 12 months
Electric vehicles are becoming a viable alternative to gas driven cars, but the limited size of the charging network is a major issue slowing down EV uptake. On a mission to solve this problem, Volta has developed a charging network which offers free charging to EV drivers. Its stations display charging status to users along with paid advertisements that support the service.
This solution helps real estate owners, advertising brands, and drivers. The real estate owners benefit by the charging stations pulling in affluent customers, the brands benefit from a captive audience to market to, and the drivers benefit from the free charging service.
While this idea has attracted a large amount of capital and the company has expanded to over 3,000 charging points, Volta has struggled for profitability even after going public due in part to surging electricity costs and permiting issues. Rather than letting a good idea go to waste, Shell acquired the company in its entirety in early 2023. This move will provide Volta with the capital and support needed to continue its operations as part of Shell's ongoing pivot to green energy.
Kirsty
Company Specialist at Welcome to the Jungle
Jan 2021
$125m
SERIES D
Sep 2019
$20m
SERIES C
This company has top investors
Brandt Hastings
(President & CEO, not founder)Was previously CCO & CRO of Volta Charging. Before that was Senior VP for iHeartMedia and VP at Clear Channel.