# Volta Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/volta-industries

- Industry: Energy Storage & Batteries
- Headquarters: San Francisco, US
- Website: www.voltacharging.com
- Total disclosed funding: $175M
- Latest round: Series D (Jan 19, 2021)
- Investors on record: 16

## About

Founded in 2010 and based in California, US, Volta Industries, Inc. operates as a provider of electric vehicle charging stations and partners with brands to enable drivers to charge their cars for free. The company was co-founded by CEO Scott Mercer, President Christopher Wendel, and Head of Engineering Michael Menendez. In January 2023, Shell USA, Inc. acquired Volta Industries, Inc. for USD 169 million. The acquisition enables Shell USA, Inc. to accelerate decarbonization of the transportation sector. Volta's business model centers around evolving spending habits caused by the move to electric vehicles by building a charging infrastructure that reinforces desired behaviors at each location. Volta's charging stations feature are digital displays that function as a media network, providing brands a way to reach shoppers moments before they enter a store. The company's charging stations benefit brands, consumers, and real-estate locations by providing valuable advertising space to businesses and free charging to drivers.

## Funding rounds

- Series D, Jan 19, 2021, $125M — Energize Capital, Activate Capital
- Series C, Aug 24, 2020 — Virgo Investment Group, 500 Global, Activate Capital
- Series C, Jun 6, 2019, $12M — Aster Capital, SK, Energize Capital, Activate Capital
- Series C, Jul 16, 2018, $21M — Virgo Investment Group, Ørsted, Autotech Ventures, Nautilus Venture Partners, GE Ventures, Energize Capital, Activate Capital
- Series B, Oct 21, 2016, $12M — Virgo Investment Group, Autotech Ventures, Celesta Capital
- Series A, Dec 15, 2014, $5.7M — EPIC Ventures, Riverwood Capital, 500 Global, SQN Capital Management, Three Bridges Ventures
- Seed, Jan 9, 2014 — EPIC Ventures, Blue Startups
- Seed, Apr 30, 2013, $0M — Blue Startups

## Investors

- Blue Startups (https://capitalatlas.ai/funds/blue-startups) — Seed
- EPIC Ventures (https://capitalatlas.ai/funds/epic-ventures) — Seed, Series A
- Riverwood Capital (https://capitalatlas.ai/funds/riverwood-capital) — Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A, Series C
- SQN Capital Management (https://capitalatlas.ai/funds/sqn-capital-management) — Series A
- Three Bridges Ventures (https://capitalatlas.ai/funds/three-bridges-ventures) — Series A
- Virgo Investment Group (https://capitalatlas.ai/funds/virgo-investment-group) — Series B, Series C
- Autotech Ventures (https://capitalatlas.ai/funds/autotech-ventures) — Series B, Series C
- Celesta Capital (https://capitalatlas.ai/funds/celesta-capital) — Series B
- Ørsted — Series C
- Nautilus Venture Partners (https://capitalatlas.ai/funds/nautilus-venture-partners) — Series C
- GE Ventures — Series C
- Energize Capital (https://capitalatlas.ai/funds/energize-capital) — Series C, Series D
- Activate Capital (https://capitalatlas.ai/funds/activate-capital) — Series C, Series D
- Aster Capital (https://capitalatlas.ai/funds/aster-capital) — Series C
- SK — Series C