Volta Charging

{{Infobox company

| name = Volta Charging, LLC

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| traded_as = {{NYSE was|VLTA}}

| industry = Electric vehicle infrastructure

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| founded = {{start date and age|2010}} in Hawaii

| founders = {{ubl|Scott Mercer|Chris Wendel}}

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| hq_location = 155 de Haro Street

| hq_location_city = San Francisco, California

| hq_location_country = United States

| key_people = Vince Cubbage
{{small|(Interim CEO)}}
Brandt Hastings
{{small|(Chief Commercial Officer)}}
Drew Lipsher
{{small|(Chief Development Officer)}}
Francois Chadwick
{{small|(Chief Financial Officer)}}

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| parent = {{ubl|Independent {{smaller|(2010–23)}}|Shell {{smaller|(2023–present)}}}}

| website = {{URL|https://voltacharging.com/}}

}}

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.{{cite news |last1=McInnis |first1=Brian |title=Former Hawaii startup Volta Charging goes public |url=https://www.bizjournals.com/pacific/news/2021/09/02/former-hawaii-startup-volta-charging-public.html |access-date=11 January 2022 |newspaper=Pacific Business News |date=September 3, 2021}}

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.{{cite news |last1=Kolodny |first1=Lora |title=Tesla, Volta are EV owners' top picks for charging away from home, JD Power finds |url=https://www.cnbc.com/2021/08/18/tesla-volta-chargepoint-top-jd-power-ev-charging-survey.html |access-date=6 January 2022 |website=CNBC |date=August 18, 2021}}

On March 31, 2023, Shell USA acquired the company for approximately $169 million.{{cite press release |url=https://www.shell.us/media/2023-media-releases/shell-usa-inc-finalizes-acquisition-of-volta-inc.html |title=Shell USA, Inc. Finalizes Acquisition of Volta Inc., Scaling up its U.S. Public Electric Vehicle Charging Network |publisher=Shell |date=March 31, 2023 |access-date=2024-03-11 |language=en-US}}

History

Volta Charging was founded in Hawaii in 2010 by Scott Mercer and Chris Wendel.{{cite news |title=Volta founder on strategies for electric vehicle charging stations |url=https://news.yahoo.com/volta-founder-strategies-electric-vehicle-175911851.html |access-date=11 January 2022 |website=Yahoo! News |date=August 9, 2021}}{{cite web |title=Scott Mercer Chairman/CEO, Volta Inc |url=https://www.bloomberg.com/profile/person/22481246 |website=Bloomberg |access-date=11 January 2022}} Leonardo DiCaprio was an early investor in the company.{{cite press release |last1=Strauss |first1=Sabrina |title=Volta Delivers 100 Million Electric Miles to Drivers |url=https://www.businesswire.com/news/home/20211028005275/en/Volta-Delivers-100-Million-Electric-Miles-to-Drivers |access-date=11 January 2022 |publisher=Volta Inc. |via=Business Wire |date=October 28, 2021}}{{cite news |last1=Moadel |first1=David |title=Speculators can Charge Up their Portfolios with Volta Stock |url=https://www.nasdaq.com/articles/speculators-can-charge-up-their-portfolios-with-volta-stock |access-date=11 January 2022 |publisher=Nasdaq |date=December 5, 2021}}{{Cite tweet |author=Leonardo DiCaprio |author-link=Leonardo DiCaprio |user=LeoDiCaprio |number=1453715676015824899 |title=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}}

File:Volta charging station.jpg

In February 2021, it announced a special-purpose acquisition company merger with Tortoise Acquisition Company II.{{cite news |last1=Jasinski |first1=Nicholas |title=EV Charging Firm Volta Is Going Public But Raising Less Money Than Expected |url=https://www.barrons.com/articles/ev-charging-firm-volta-going-public-51630013685?tesla=y |access-date=6 January 2022 |magazine=Barron's |date=August 27, 2021}} After completing the merger, Volta went public on the New York Stock Exchange on August 27, 2021.{{cite news |title=Volta Charging to List on NYSE Under the Ticker "VLTA" Following Closing of Business Combination With Tortoise Acquisition Corp. II |url=https://www.businesswire.com/news/home/20210826005752/en/Volta-Charging-to-List-on-NYSE-Under-the-Ticker-%E2%80%9CVLTA%E2%80%9D-Following-Closing-of-Business-Combination-With-Tortoise-Acquisition-Corp.-II |access-date=11 January 2022 |publisher=Volta, Inc |via=Business Wire |date=August 26, 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.{{cite news |last1=Strauss |first1=Sabrina |title=Topgolf Partners With Volta to Add Electric Vehicle Charging Stations to Select Properties |url=https://finance.yahoo.com/news/topgolf-partners-volta-add-electric-103000369.html |access-date=11 January 2022 |work=Yahoo! News |date=November 2, 2021}}

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.{{cite news |url=https://www.caranddriver.com/news/a43485710/shell-dramatically-expands-its-network-of-ev-charging-stations/ |title=Shell Dramatically Expands Its Network of EV Charging Stations |date=April 1, 2023 |magazine=Car and Driver}}