Volta Charging Announces New Station Installation In Upper Marlboro, Maryland

Rhea-AI Summary

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.

Positive

• Installation of new charging stations enhances market presence.
• Over 20 existing charging stations at Giant Food locations.
• Business combination with Tortoise Acquisition Corp. II supports growth.
• Commerce-centric strategy aligns with consumer habits.

Negative

• None.

SAN FRANCISCO, Aug. 17, 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 Giant Food in Maryland. The exact address of these charging stations is 5700 Crain Highway, Upper Marlboro, Maryland 20772.

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 charging stations at Giant Food further Volta Charging's mission to build convenient, simple and delightful charging infrastructure that is seamlessly incorporated into a driver's everyday experience. More than 20 Giant Food stores in Maryland already have Volta Charging stations at their locations.

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 Inc.

FAQ

What is the significance of Volta's new charging stations at Giant Food?

The new charging stations at Giant Food enhance Volta's market presence and align with its strategy of placing EV chargers in high-traffic retail locations.

What will Volta be renamed after merging with Tortoise Acquisition Corp. II?

Upon merging, Volta will be rebranded as Volta Inc. and will trade under the new ticker symbol VLTA.

When was the business combination between Volta and Tortoise Acquisition Corp. II announced?

The business combination was announced in February 2021.

Where are the new Volta charging stations located?

The new Volta charging stations are located at Giant Food at 5700 Crain Highway, Upper Marlboro, Maryland.

How many charging stations does Volta have at Giant Food locations in Maryland?

Volta has more than 20 charging stations at various Giant Food locations in Maryland.