Shell Acquires EV Charging Network Volta

Jan. 20, 2023

The deal, worth $169 million, gives Shell access to 200 cities and an ad revenue-based electric charging model. 

Jan. 20, 2023Shell has agreed to purchase electric charging company Volta in an all-cash deal worth $169 million under a “definitive merger agreement" as reported by Green Car Reports. 

Volta build out its DC fast-charging network in 2019 and 2020 and made a name for itself by equipping its chargers with 55-inch digital displays in 200 cities across 23 states. Vehicle owners could charge for free with revenue to the company generated by on-screen advertising. 

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Ratchet+Wrench Staff Reporters

The Ratchet+Wrench staff reporters have a combined two-plus decades of journalism and mechanical repair experience.

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