Shell buys EV charging firm Volta for $169 mn

By Editor


Shell USA will acquire Volta, an electric vehicle (EV) charging network operator, in an all-cash deal valued at about $169 million.

Shell and other companies such as France’s EDF and Norway’s Statkraft have been investing in EV charging infrastructure to cash in on the growing demand for EVs.

As part of the deal, Shell USA will also provide loans to Volta to help the company through the closing of the deal.

Latest News