#researchshort
⚡⛽ Volta Charging $VLTA ⚡⛽
Volta Charging $VLTA is a technology company-sponsored making electric vehicle charging stations that is headquartered in San Francisco, California, and was founded in 2010 by Scott Mercer. The companies charging stations offer free charging for electric vehicles. Volta Charging stations are free to use because of the companies partnership agreements with real estate owners (shopping malls, grocery stores, local retailers) and brands looking to advertise their products and services using Volta Charging stations On September 10, 2019, Volta Charging completed a series C funding round with $100 million in funding from EIP, CION, Schneider Electric Ventures, and SK E&S Co. Ltd. The company plans on using the funding to expand its operations in previously established metropolitan areas and expand into new markets. EIP and CION contributed a $44 million credit facility in August 2019 to Volta Charging as part of the companies series C funding round, and participation from Schneider Electric Ventures and SK E&S Co. Ltd. was announced on September 10, 2019, with a total contribution of a follow-on $20 million in series C funding.
The CEO and Founder of Volta Charging, Scott Mercer, made the following public comments after completing the companies series C funding round: "We’re happy to lead this opportunistic follow-on investment alongside EIP and CION’s debt facility to accelerate the continued expansion of the business. Volta is a pioneer in advancing the electric vehicle market and we are excited to help catalyze the company’s growth. Our follow-on investment is a testament to our confidence in Volta’s business model and ability to scale their network, as well as our appreciation for their work in delivering more than 45 million free electric miles to EV drivers to date."
⚫Volta Charging raises a $54,000,000 series D round from Energize Ventures. (Jan 2021)
https://golden.com/wiki/Volta_Charging-MN64JP3
🐺 $VLTA Delivers(miles) and the Wolf 🐺
Volta announced that Volta’s network of charging stations has delivered 100 million electric miles to EV drivers across the country. The announcement marks a significant milestone in the expansion and increasing popularization of electric mobility. Leonardo DiCaprio, the Academy Award winning actor (and The Wolf Of Wallstreet actor), invested in Volta when it was a small private company. As one of Volta’s early investors, he noted the importance of this milestone: "The world must move beyond a carbon-based economy in order to save the planet from irreversible climate change. Today’s announcement shows Volta has been building the infrastructure that will be an instrumental component of a broad transition to electric vehicles." Mr. DiCaprio added: "I’ve been pleased to work with Volta in expanding their charging network across the country, showing drivers that charging is accessible, convenient and reliable."
Volta’s unique charging stations – which feature large, eye-catching digital displays – provide a premium content viewing experience for both the drivers who plug their vehicles into the stations and the customers who shop at nearby retailers. Volta’s media-enabled charging stations offer brands a dynamic content experience platform, including activation and engagement opportunities. Brands running campaigns on Volta’s stations report experiencing positive results in brand awareness and increased purchase intent. "We are at a tipping point for mass EV adoption," said Scott Mercer, Founder and CEO of Volta. "Car companies are committing to an all-electric future and are releasing EV models across multiple price points. The federal government is making electric charging a priority in infrastructure planning. Leonardo DiCaprio’s support and Volta’s accelerated expansion in new states across the country is a testament to society’s readiness to adopt new consumer behaviors on their way toward the electrification of mobility."
https://finance.yahoo.com/news/volta-delivers-100-million-electric-103000242.html
🤝Volta Partners With Floor & Decor 🤝
$VLTA is partnering with Floor & Decor, a leading specialty retailer of hard-surface flooring, to make EV charging accessible to its customers at their warehouse stores across the United States. The charging stations are slated to be in place for customers at 8 Floor & Decor locations by the end of 2021, with more stations nationwide in 2022. Floor & Decor offers homeowners and professionals the industry’s broadest in-stock selection of tile, natural wood, natural stone, laminate, and luxury vinyl plank under one roof. The addition of Volta stations will provide Floor & Decor customers with an additional, high-value service as they shop.
“Floor & Decor strives to make a positive impact in the communities where we live and work, and the addition of Volta charging stations provides both convenience and the ability for our customers to lower their environmental impact,” said Brandon Shah, Senior Manager, Real Estate Consolidated Systems of Floor & Decor.
Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta builds and operates a nationwide EV charging network that has among the best utilization per station in the EV charging industry for the United States. Centered around capturing new spending habits expected to result from the shift to electric vehicles, Volta seeks to transform the fueling industry by building charging stations in locations where drivers already spend their time and money, including grocery stores, pharmacies and other retail locations.
“Volta’s mission is to offer convenient, reliable electric vehicle charging at the places people go, by showing that people can fuel up where they drive, not drive to fuel,” said Scott Mercer, Founder and CEO of Volta. “EV charging is an ideal service for businesses, such as Floor & Decor, who want to show that they care about creating a superior shopper experience as well as environmental impact.”
https://www.businesswire.com/news/home/20211013005229/en/
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