• Volta Charging

  Participated · Debt Financing · Jun 2015

  Volta operates free EV charging stations financed by integrated outdoor digital advertising and partners with businesses and real estate owners to install chargers in high‑traffic locations. The company launched in 2010 and is based in San Francisco. Volta has deployed stations in Hawaii, San Diego, Los Angeles, San Francisco and Silicon Valley, Chicago and its suburbs, Phoenix, Dallas and Houston. It says it has delivered more than 45 million free electric miles to drivers. Volta makes money from the advertising on its charger designs and will use the new capital to expand its network, adding chargers in existing cities and entering new markets. Volta Charging operates an ad-supported electric-vehicle charging network that offers free power at outdoor, sponsor-funded charging stations. The company has deployed a network of 1,000 charging stations open for sponsorship and aims to reach 2,000 by the end of 2018. Volta launched initial stations in Hawaii and has expanded into the top 10 U.S. media markets. Its sponsored stations have delivered the equivalent of 22 million miles of driving and avoided about 9 million pounds of CO2 emissions. The company is based in San Francisco and was founded in 2010. Financially, Volta has raised $60 million in total to date, including the new Series C. Volta Industries operates a network of free electric car-charging stations underwritten by socially responsible brands. Its core product is outdoor charging stations deployed in retail locations, where charging is offered at no cost to drivers. The company has deployed more than 100 stations across five cities, including the San Francisco Bay Area, Los Angeles, San Diego, Phoenix and Honolulu. Volta intends to use proceeds from its recent financing to expand that network into more communities. Financially, the company closed a $4.5M Series A and secured a separate $3M project financing facility to support deployment. Volta was founded in 2010 and is based in San Francisco; Scott Mercer is CEO and Michael Menendez is CTO. Volta Industries designs, plans, constructs and installs free-to-use electric vehicle charging stations that are sponsored by advertising partners. Founded in 2010 by Scott Mercer (CEO) and based in Honolulu, the company places stations in high-visibility locations such as shopping centers and movie theaters. Volta supplies the energy to EV drivers at no charge and generates revenue through advertising that sponsors the charging units. Stations are active in Hawaii, California and Arizona. The company intends to use new funds to launch a station-finder mobile app and to accelerate expansion of its EV charging network throughout North America. To date it has raised $1.875M from a group of investors including EPIC Ventures, Blue Startups, 500 Startups and Ulupono Initiative. Volta designs, installs and maintains EV charging stations for properties and supplies the energy to drivers at no cost. The company’s kiosks display sponsor advertising on the front and back, which funds the free charging service. Its stations provide approximately 15 to 20 miles of range per hour of charging. Volta plans to expand its network first to California this year and then nationwide, and aims to install 30 kiosks by year-end. Company leadership is actively developing mainland projects, with Volta President Christopher Ching relocating to California to work with property owners. The company received a seed investment to support that expansion amid strong regional EV adoption metrics cited in the article.

No current team members are available.