Volta Inc., formerly Tortoise Acquisition Corp. II., primarily owns, operates and maintains electric vehicle (EV) charging stations and has expanded its network across the United States. The Company uses its PredictEV planning software tool internally to predict and forecast expected grid capacity, EV charging penetration and expected charger utilization. The Company operates a network of approximately 2,264 charger points across 23 states and territories. Its business entails partnering with real estate and retail partners with national and regional multi-site portfolios of commercial and retail properties, as well as municipalities and local business owners, to locate and deploy its EV charging stations in various locations, including retail centers, grocery stores, pharmacies, parking lots, restaurants, schools and universities. It also sells charging stations to certain business partners, while continuing to perform related installation, operation and maintenance services.
VOLTA INC. 