Voltera and Revel Join Forces to Revolutionize EV Infrastructure

Introduction

The recent merger between Voltera and Revel marks a pivotal moment in the electric vehicle (EV) infrastructure landscape. As urban areas increasingly adopt sustainable transportation solutions, this strategic combination is designed to meet the growing demand for efficient charging networks and mobility options. By merging their operations, Voltera and Revel are set to redefine urban mobility and enhance the overall experience for fleet operators and consumers alike.

Deal Summary

In a definitive agreement announced today, Voltera, a leading provider of electric vehicle charging infrastructure, will merge with Revel, a pioneer in sustainable transportation. This merger aims to create a robust platform to accelerate the deployment of EV infrastructure, particularly in urban environments, and support the shift towards fleet and autonomous mobility solutions.

The collaboration will leverage Voltera’s extensive network of charging stations alongside Revel’s expertise in electric mobility. Chris Hwang, CEO of Voltera, emphasized the transformative potential of this merger by stating, "Bringing Voltera and Revel together is an exciting opportunity to redefine urban mobility." This sentiment was echoed by Frank Reig, CEO of Revel, who highlighted the synergistic fit of their strengths.

The newly combined entity will prioritize three strategic areas: expanding the EV charging network, enhancing user experiences, and developing innovative solutions tailored for fleet operators. By employing advanced technology and data analytics, they aim to streamline charging operations and provide valuable insights for customers managing electric fleets.

Buyer Profile

Voltera is recognized as a frontrunner in electric vehicle charging infrastructure, dedicated to fostering the transition towards sustainable transportation. With a continuously expanding network and a commitment to innovation, Voltera plays a crucial role in the ongoing EV revolution.

Revel specializes in providing affordable electric mobility solutions through its fleet of electric mopeds, cars, and integrated charging options. Their mission is centered on reducing carbon emissions and promoting the use of electric vehicles within urban settings.

In addition to this merger, Voltera has been active in the lower middle market, completing several notable transactions in the past six months. Recent acquisitions include:

• A strategic partnership with GreenCharge Systems to enhance charging solutions.
• The acquisition of ChargePoint Solutions to expand their service offerings in metropolitan areas.
• Collaboration with UrbanFleet Technologies to innovate fleet management solutions.

Conclusion

The merger between Voltera and Revel signifies a strong commitment to enhancing electric vehicle infrastructure as the demand for sustainable transportation continues to rise. For investors and operators, this deal highlights the strategic importance of integrated solutions in the evolving landscape of electric mobility, paving the way for innovative advancements and improved user experiences in urban environments.