Volta Charges Up to Give the Appeal of Electric Vehicles a Major Boost

can be reached at marcusamick@aol.com
can be reached at marcusamick@aol.com
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When it comes to the appeal of owning an electric vehicle, it’s no secret that the availability of convenient charging stations is one of the major sticking points. Volta, a company leading the charge in building a more expansive network of of EV charging stations, recently got a major boost in its efforts to help address that issue, according to a recent press release issued by Business Wire.

  • Volta raises $64 million in new funding as part of its plan to expand the network of charging stations.
  • The Volta funding raised includes $20 million in Series C funding and $44 million in a credit facility.
  • Volta will use the funding to provide more charging stations at locations like grocery stores, entertainment venues and shopping centers.

Volta, a tech company leading the charge to make charging stations more convenient, has raised $64 million in new funding.

The funding, which include $20 million in Series C funding and $44 million in a credit facility, are aimed at helping to drive the technology company’s aggressive efforts to expand their charging station networks to new cities, communities and more convenient locales. Volta’s strategy includes a major focus on fulfilling the need for more charging stations at places like grocery stores, entertainment venues and shopping centers, which are ideal locations for charging vehicles.

Volta charging stationVolta hopes its charging stations become a common sight in public venues. (Photo: Volta)

It’s all part of Volta’s commitment to make electric vehicles much more feasible for everyday use, as Scott Mercer, Volta’s CEO and Founder, details in the press release. “As the electric vehicle industry continues to grow, Volta is well-positioned to build out an economically viable charging network needed to facilitate the shift from gas to electric,” says Mercer.

WHY THIS MATTERS

News of Volta raising $64 million in new funding is pivotal for two primary reasons, aside from the fact that it will generally increase the number of charging stations. For one, it represents the growing investments in the EV ecosystem. It could also potentially prompt more investments into companies similar to Volta, helping to create an even more robust network of charging stations.


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can be reached at marcusamick@aol.com
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