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Tortoise Acquisition Corp. II (NYSE: SNPR) announced that shareholders approved its merger with Volta Industries, Inc., a leading EV charging network provider. The Extraordinary General Meeting, held on August 25, 2021, saw approximately 96% of votes in favor. The business combination is expected to close on August 26, 2021, with shares trading under the new ticker VLTA starting August 27, 2021. This merger positions Volta to enhance commercial operations in the EV market, leveraging over 1,700 chargers across 24 territories.
Volta Industries, an EV charging network leader, announced the launch of its PredictEV™ product, a machine learning solution for infrastructure planning, supported by Southern Company, one of the largest utilities in the U.S. This tool assists in planning for the increasing demand for EV charging infrastructure. Volta's network aims to transform the fueling industry by offering stations in high-traffic retail locations. The PredictEV™ product aggregates various data to identify optimal charging locations and infrastructure types, positioning Volta to significantly influence the future of electric transportation.
On August 17, 2021, Volta Industries announced the installation of new electric vehicle charging stations at Giant Food in Upper Marlboro, Maryland. This expansion supports Volta's mission to create convenient charging solutions in high-traffic retail locations. With over 20 existing stations across various Giant Food stores in Maryland, Volta aims to enhance consumer experience as it builds a commerce-centric EV charging network. The company is in a business combination with Tortoise Acquisition Corp. II (NYSE: SNPR), set to conclude subject to customary conditions, rebranding to Volta Inc. with the new ticker VLTA.
Volta Industries, Inc., a leader in electric vehicle (EV) charging networks, has partnered with Place Exchange, enhancing programmatic advertising options for media buyers. This collaboration allows advertisers to access Volta's premium digital inventory via leading demand-side platforms, supporting both guaranteed and auction-based transactions. Volta Charging's unique stations, strategically located at retail venues, deliver a compelling advertising experience while promoting sustainability. This partnership is part of Volta's broader initiative to combine EV infrastructure with effective media solutions as they approach their merger with Tortoise Acquisition Corp. II (NYSE: SNPR).
Volta Industries, Inc. has announced the installation of new electric vehicle charging stations at the Westfield Public Parking Lot in New Jersey. This expansion further enhances the company's presence in the state, following recent installations in Morris Plains and at the Bergen County Zoo. Volta Charging focuses on building a user-friendly EV charging network in strategic locations like grocery stores and retail areas, aiming to transform the fueling industry as electric vehicles gain traction. The company is currently pursuing a business combination with Tortoise Acquisition Corp. II (NYSE: SNPR), with the new entity to be named Volta Inc. (ticker: VLTA).
Volta Industries, Inc. has announced plans to expand its electric vehicle charging network into the European Union by opening an office in Germany. The company, which operates a highly utilized EV charging network in the U.S., aims to provide convenient and reliable charging infrastructure in Europe. Volta's unique charging stations feature digital displays, enhancing brand engagement and consumer experience. The business combination with Tortoise Acquisition Corp. II (NYSE: SNPR) is pending, with a shareholder meeting scheduled for August 25, 2021. The combined entity will operate under the ticker symbol 'VLTA' upon closing.
Tortoise Acquisition Corp. II (NYSE: SNPR) has announced an extraordinary general meeting on August 25, 2021, to discuss the business combination with Volta Industries, an EV charging network provider with over 1,700 chargers in 24 states. Shareholders who held shares as of July 15, 2021, are eligible to vote. The definitive proxy statement was filed with the SEC and is being mailed to shareholders. TortoiseCorp II encourages all shareholders to vote to ensure their voices are heard in this significant transaction.
Volta Industries announced its participation in several upcoming investor conferences. Key events include the Jefferies Virtual Industrial Conference on August 3, 2021, and the Needham 10th Annual Robotics and Clean Tech on August 6, 2021. The company is also involved in a business combination with Tortoise Acquisition Corp. II (NYSE: SNPR), aiming to create a new entity named Volta Inc., which will trade under the ticker symbol VLTA. This merger is projected to close in Q3 2021, pending shareholder approval and other conditions.
Volta Industries announces the installation of new electric vehicle (EV) charging stations at Stop & Shop in Morris Plains, New Jersey, enhancing its market presence. This initiative supports Volta's mission to integrate charging into everyday locations where consumers shop. In February 2021, Volta and Tortoise Acquisition Corp. II (NYSE: SNPR) revealed a definitive agreement for a business combination, with plans to operate under the new ticker symbol 'VLTA' upon closing. The company aims to revolutionize the fueling industry by providing convenient charging solutions.
Volta Industries, a leader in EV charging networks, announced a partnership with Sacramento Splash to promote outdoor education through a media campaign. This initiative was showcased across 192 charging station screens in California, successfully exceeding fundraising targets. The partnership secured an award for the Best Business Partnership from the Sacramento Regional Foundation, resulting in a $2,500 donation to Sacramento Splash. Volta Charging's unique approach combines EV infrastructure with commercial opportunities, aiming to transform the fueling industry.
