EVwire brief: Voltera and Revel announced plans to combine their businesses to create a large-scale EV charging infrastructure platform focused on autonomous vehicles, electric fleets, and ride-hail deployment in dense urban markets.
The combined company is expected to operate under the Voltera name and include more than 1,000 charging stalls operational and under development across 11 major U.S. metro areas.
As part of the transaction, EQT will serve as the majority owner of the combined company. Global Infrastructure Partners, a part of BlackRock and Revel’s existing lead sponsor, will retain a minority stake.
The companies said the platform will combine Voltera’s development and infrastructure capabilities with Revel’s urban charging footprint and operating experience to support growing demand from fleet and autonomous mobility customers.
Voltera’s infrastructure is focused on autonomous ride-hail fleets
Following the transaction’s completion, Revel CEO Frank Reig will lead the combined company as CEO, while current Voltera CEO Brett Hauser will transition into a senior commercial advisory role.
Revel CEO Frank Reig, who will take the role of Voltera CEO, shared his optimism about the deal.
“Bringing 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.”
Current Voltera CEO Brett Hauser was equally optimistic.
“Revel is the right partner for Voltera, with both companies recognizing early on the importance of their shared vision for the future of EV charging infrastructure. I’m confident in the path ahead and believe the combined platform is well-positioned for the future.”
Revel has built a large network of urban EV chargers
Context:
The companies said the combined platform will focus investment on high-value urban markets where autonomous vehicle operators, ride-hail services, and electric fleets require high-throughput charging infrastructure.
Voltera currently develops infrastructure hubs designed specifically for autonomous ride-hail fleets, combining charging, servicing, staging, and operational support into centralized fleet facilities.
Revel, founded in Brooklyn in 2018, has become one of New York City’s largest public EV charging providers and has expanded aggressively across dense urban charging markets in recent years.
The companies also stated that the combined business may eventually expand into adjacent services, including battery storage, energy management systems, and integrated fleet support operations.
Source: Voltera press release
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