NEW YORK–(BUSINESS WIRE)–Volta Inc. today announced that Shell USA, Inc., a subsidiary of Shell plc, has completed the previously announced acquisition of Volta in an all-cash transaction. The merger brings Volta’s powerful dual charging and media network to Shell’s established brand and seeks to unlock robust, long-term growth opportunities in electric vehicle charging. The transaction closed after receiving various regulatory clearances and approval from Volta’s stockholders.
Vince Cubbage, Interim Chief Executive Officer of Volta, Michelle Kley, Chief Legal Officer of Volta, Drew Lipsher, Chief Development Officer of Volta, and Stephen Pilatzke, Chief Accounting Officer of Volta, have resigned from their positions following the closing of the merger. Brandt Hastings, formerly Chief Commercial Officer of Volta, will lead the Volta business as President and Chief Executive Officer within the Shell Mobility organization.
About Volta Inc.
Volta Inc., a member of the Shell Group of companies following the merger, is an industry-leading electric vehicle (“EV”) charging and media company. Volta’s unique network of charging stations powers vehicles and drives business growth while accelerating a clean energy future. Volta delivers value to site hosts, brands, and consumers by installing charging stations that feature large-format digital advertising screens located steps away from the entrances of popular commercial locations. Retailers can attract and influence foot traffic, advertisers can precisely target audiences, and EV drivers can charge their vehicles seamlessly as they go about their daily routines. To learn more, visit www.voltacharging.com.
