Volta Charging And Place Exchange Announce Strategic Partnership

Rhea-AI Summary

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).

Positive

• Strategic partnership with Place Exchange enhances programmatic ad capabilities.
• Expanded access for advertisers to Volta Charging's digital media inventory.
• Volta Charging's stations effectively integrate advertising with high-traffic retail locations.
• Expected to increase brand awareness and purchase intent for advertisers.

Negative

• None.

SAN FRANCISCO, Aug. 10, 2021 /PRNewswire/ -- Volta Industries, Inc. ("Volta Charging"), an industry leader in commerce-centric electric vehicle ("EV") charging networks, which has entered into a definitive agreement for a business combination with Tortoise Acquisition Corp. II (NYSE: SNPR), announced a partnership with Place Exchange, a leading supply-side platform (SSP) for programmatic digital out of home (DOOH) media. The partnership significantly expands Volta Charging's programmatic options for media buyers seeking to purchase Volta Charging's premium placed-based inventory from any of the leading demand-side platforms (DSPs) integrated with Place Exchange. The partnership also adds options for buyers to purchase programmatic ad inventory from Volta Charging through either a reserved guaranteed or auction-based transaction structure to ensure that advertising spend on the Volta Charging network is aligned with brand goals, harmonized with other advertising tactics and easy to execute.

"We are excited to offer advertisers access to Volta Charging inventory combined with the programmatic buying benefits of ease, flexibility and automation," said Nick Bennett, Vice President of Partnerships at Place Exchange. "This partnership with Volta Charging enables marketers to further expand their reach to valuable target audiences with high-impact place-based digital displays in prime locations."

Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta Charging 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 Charging seeks to transform the fueling industry by building open-network charging stations in locations where drivers already spend their time and money, including grocery stores, pharmacies and other retail locations.

Volta Charging'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 Charging's media-enabled charging stations offer brands a dynamic content experience platform, including activation and engagement opportunities. Brands running campaigns on Volta Charging's stations report experiencing positive results in brand awareness and increased purchase intent.

"The enhanced programmatic capabilities derived from our partnership with Place Exchange provides our media partners more options to easily integrate our dynamic high-impact inventory into their plans," said Mike Schott, Senior Vice President, Media Sales, of Volta Charging. "We are also the first partnership with Place Exchange that is expressly in the EV infrastructure and sustainability space. We believe our unique combination of stations placed directly in a path-to-purchase context and authentic sustainability delivers value far beyond mere DOOH advertising alone."

About Volta Charging
Volta Charging is an industry leader in commerce-centric EV charging networks. Volta Charging's vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers' daily routines, Volta Charging's goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta Charging's unique EV charging offering, its stations allow it to enhance its site hosts' and strategic partners' core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.

In February 2021, Volta Charging and Tortoise Acquisition Corp. II (NYSE: SNPR), a publicly traded special purpose acquisition company with a strategic focus on energy sustainability and decarbonizing transportation, announced they entered into a business combination agreement. Upon the closing of the transaction, which remains subject to customary closing conditions, the combined entity will be named Volta Inc. and remain on the New York Stock Exchange under the new ticker symbol "VLTA".

About Place Exchange
Place Exchange is the leading SSP for programmatic out-of-home and place-based media. Integrated with omnichannel DSPs, Place Exchange's patented technology uniquely offers agencies and advertisers the opportunity to fully unify buying and measurement of OOH media with other digital channels, leveraging the same workflow, creatives, reporting, and attribution as for online and mobile advertising. Place Exchange's unmatched premium supply ecosystem adheres to its Place Exchange Clear certification program that delivers buyers quality, consistency, transparency, and compliance. For OOH media partners, Place Exchange offers the opportunity to access untapped programmatic ad spend with full transparency and control. AdExchanger named Place Exchange a 2020 and 2021 Programmatic Power Player. For more information about Place Exchange, visit www.placeexchange.com.

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SOURCE Volta Industries, Inc.

FAQ

What is the partnership between Volta Charging and Place Exchange about?

The partnership enhances programmatic advertising options for buyers using Volta Charging's inventory through Place Exchange.

When was the partnership between Volta Charging and Place Exchange announced?

The partnership was announced on August 10, 2021.

What is the significance of Volta Charging's partnership with Place Exchange for advertisers?

The partnership provides advertisers ease and flexibility in purchasing advertising through programmatic buying options.

How does the partnership between Volta Charging and Place Exchange benefit EV infrastructure?

This partnership integrates advertising with EV charging stations, promoting sustainability while driving revenue.

What are the ticker symbols associated with Volta Charging and Tortoise Acquisition Corp. II?

Volta Charging will be traded under the symbol VLTA after its merger with Tortoise Acquisition Corp. II, which trades under SNPR.