Volta Charging Announces New Station Installation In Renton, Washington

Rhea-AI Summary

Volta Industries, an EV charging leader, announced the installation of new charging stations at Safeway in Renton, Washington, expanding their market presence. This addition brings the total to 24 Safeway locations in Washington with Volta stations. The company's strategy focuses on integrating EV charging into everyday consumer locations, enhancing convenience for users. Volta has a definitive agreement with Tortoise Acquisition Corp. II (NYSE: SNPR) for a business merger, which is expected to finalize soon, transitioning the entity to Volta Inc. under the ticker VLTA.

Positive

• Installation of new charging stations at Safeway enhances market penetration.
• Total of 24 Safeway locations in Washington now feature Volta charging stations.
• Business combination with Tortoise Acquisition Corp. II aims to enhance growth opportunities.

Negative

• None.

SAN FRANCISCO, July 26, 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 Safeway in Renton, Washington. The exact address of these charging stations is 2725 NE Sunset Boulevard, Renton, Washington 98056.

Founded on the premise that the electrification of mobility is likely to be one of the largest infrastructural shifts of this generation, Volta Charging builds and operates a nationwide EV charging network that is among the best utilization per station 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 charging stations at Safeway furthers Volta Charging's mission to build convenient, simple and delightful charging infrastructure that is seamlessly incorporated into a driver's everyday experience. There are now 24 Safeway locations in Washington with Volta Charging stations.   

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".

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SOURCE Volta

FAQ

What is the significance of Volta Charging's new station installations at Safeway?

The new stations at Safeway enhance Volta's market penetration, increasing consumer access to EV charging.

When was the agreement between Volta Charging and Tortoise Acquisition Corp. II announced?

The business combination agreement was announced in February 2021.

What will Volta Charging's ticker symbol be after merging with Tortoise Acquisition Corp. II?

After the merger, the combined entity will be named Volta Inc. and trade under the ticker symbol VLTA.

How many Safeway locations in Washington feature Volta Charging stations?

There are currently 24 Safeway locations in Washington with Volta Charging stations installed.