Volta, an Idinvest smart city portfolio company, raised $35M to fuel expansion of its electric vehicle charging network
This round of funding is Volta's largest yet. Participants in Volta's Series C round include new, as well as returning, investors from the US and Europe. GE Ventures, Orsted Venture, Nautilus Venture Partners, and Idinvest all join as new investors. Virgo Investment Group and Autotech Ventures, among others, also each increased the size of their previous investments, bringing the total now raised by Volta to more than $60m since the company's founding in 2010. Volta has developed the country's most utilised electric vehicle charging network. By installing chargers in high-traffic locations in top media markets and partnering with advertisers to sponsor the service, Volta EV chargers are available to both drivers and real estate hosts without cost. With over 1,000 faces available for sponsorship opportunities today, Volta plans to double its network footprint by opening new stations and markets.
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