In a strategic move to bolster its presence in the electric vehicle (EV) charging sector, Voltera Power has announced a substantial $150 million expansion plan for its commercial EV charging infrastructure. The expansion is set to double the number of managed charging depots operated by the company in 2024.
Voltera Power has gained recognition for its innovative approach to managed charging depots, which it constructs, owns, and operates to serve local electric fleets. The company charges fleets for access to its chargers, providing maintenance and management services to ensure optimal performance and uptime.
“This significant investment represents a pivotal moment for Voltera Power as we continue to expand our footprint and impact in the EV charging infrastructure market,” said Tom Ashley, Vice President of Government and Utility Relations at Voltera. “Both public and private investments are crucial to scaling the development of zero-emission vehicle (ZEV) charging infrastructure, which is essential for fleets to comply with emerging emissions regulations.”
The company’s latest announcement brings the total number of acquired sites to 21, with investments covering approximately $150 million in EV infrastructure real estate and over 115 megawatts (MW) of charging capacity. These acquisitions are supported by infrastructure investor EQT.
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“Our strategic acquisitions in key EV markets such as California, Arizona, Texas, Georgia, and Florida position us to meet the diverse needs of commercial fleets, ranging from drayage and mail delivery to ride share services,” Ashley added. “Our real estate investments and partnerships with government and utility stakeholders enhance our ability to develop impactful projects, particularly in communities poised to benefit significantly from transportation electrification.”
