Voltera and Revel have announced a definitive agreement to combine their businesses, creating a next-generation infrastructure platform focused on building, owning, and operating fast-charging networks for autonomous vehicles, electric fleets, and ride-hail deployment in dense urban markets.
The combined platform is expected to include more than 1,000 charging stalls operational and under development across 11 major U.S. metro markets, forming one of the largest dedicated charging footprints serving fleet and autonomous vehicle customers in the country.
It will operate under the Voltera name, with Revel CEO Frank Reig leading the organization following close of the transaction.
āVoltera and Revel have both spent years working to build charging infrastructure that works for the operators deploying fleets at scale in dense cities around the country,ā said Frank Reig, incoming CEO of Voltera, in a statement.
The combined company expects to explore adjacent opportunities including battery storage, energy management, and integrated fleet services, as well.
As part of the transaction, EQT will serve as majority owner, with Global Infrastructure Partners, a part of BlackRock, retaining a minority stake.
Reig continued, āBringing these teams together is the natural next step to deliver greater scale and stronger solutions in the key markets where fleet and autonomous vehicle customers need reliable infrastructure the most.ā
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