Idinvest's smart city portfolio Volta raised $35M with ad-supported electric vehicle charging service
As increasing numbers of electric vehicles are expected to hit the streets, charging networks like Volta Charging are raising new cash to meet the expected demand. The San Francisco-based company combines outdoor digital advertising with charging stations to give electric vehicle owners free power. It has already rolled out a network of 1,000 charging stations that are open for sponsorship, and hopes to reach 2,000 by the end of 2018, according to a statement from the company. The company's investor base, which has grown with the $35 million Series C round to include a slew of new investors, includes: GE Ventures, Orsted Venture, Nautilus Venture Partners and Idinvest. In all, Volta has raised $60 million since it was founded in 2010.
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