Volta Charging secured a $35 million Series C funding round led by the Invenergy Future Fund. GE Ventures, Orsted Venture, Nautilus Venture Partners, and Idinvest all join as new investors. Virgo Investment Group and Autotech Ventures also each increased the size of their previous investments.
The funding round will be used to accelerate the rapid expansion of Volta’s Electric Vehicle (EV) charging and media network. According to the company, 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. Volta plans to double its network footprint by the end of 2018 by adding more stations and opening new markets, and anticipates operating nationwide in the top 10 media markets in addition to its initial launch market, Hawaii.