Voltera and Revel have agreed to merge their businesses to form an EV charging infrastructure platform aimed at autonomous vehicles, electric fleets and ride-hail operators in major US cities.
The combined company will operate under the Voltera brand
It is expected to include more than 1,000 charging stalls across 11 major US markets, the companies said. Financial terms of the transaction were not disclosed. The new platform will focus on building, owning and operating fast-charging infrastructure designed for fleet operations in dense urban areas.
After the deal closes, Revel chief executive Frank Reig will lead the combined company. Reig said: “Voltera and Revel have both spent years working to build charging infrastructure that works for the operators deploying fleets at scale in dense cities around the country. “Bringing these teams together is the natural next step to deliver greater scale and stronger solutions in the key markets where fleet and autonomous vehicle customers need reliable infrastructure the most.” Voltera chief executive Brett Hauser will move into a senior commercial advisory role following completion of the transaction. The companies said the business will follow a customer-focused strategy.