STOCK TITAN

Volta Charging Announces New Station Installation In Morris Plains, New Jersey

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

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.

Positive
  • Expansion of EV charging network with new stations in New Jersey.
  • Strategic partnerships with retail locations like Stop & Shop to enhance consumer access.
Negative
  • None.

SAN FRANCISCO, July 29, 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 today that it has further extended its market penetration with the installation of new charging stations at Stop & Shop in New Jersey. The exact address of these charging stations is 245 Littleton Rd, Morris Plains, NJ 07950.

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.

The new charging stations at Stop & Shop furthers Volta Charging's mission to build a convenient, simple and delightful charging infrastructure that is seamlessly incorporated into a driver's everyday experience. This station joins other recently announced locations in Volta Charging's New Jersey network, including in the town of Westfield and at the Bergen County Zoo.

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".

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/volta-charging-announces-new-station-installation-in-morris-plains-new-jersey-301343744.html

SOURCE Volta Inc.

FAQ

What is the significance of Volta Charging's new station installation in Morris Plains, NJ?

The new station enhances Volta's EV charging network, making it more accessible for consumers in daily retail spaces.

When did Volta Charging announce its business combination with Tortoise Acquisition Corp. II (SNPR)?

Volta Charging announced the business combination in February 2021.

What will the new ticker symbol be for Volta after the business combination?

The combined entity will be named Volta Inc. and will trade under the ticker symbol 'VLTA'.

How does Volta Charging plan to change the EV charging industry?

Volta Charging aims to transform the industry by placing charging stations in locations where consumers already spend time, like grocery stores.

SNPR

NYSE:SNPR

SNPR Rankings

SNPR Latest News

SNPR Stock Data

Link