American EV charging providers Revel and Voltera Power have announced an agreement to combine their respective businesses, which would create a comprehensive EV charging firm that can keep up with rapidly changing demands as electric vehicle adoption continues to grow.
The merger will unite complementary strengths across real estate, development, and power infrastructure. Revel brings its expertise in high-speed urban charging hubs, such as its high capacity location at New York City’s JFK airport. Meanwhile, Voltera brings its robust development platform to the table, together forming a stronger EV charging business.
The new combined firm is set to operate under the Voltera brand, with the business structure led by Revel’s current CEO, Frank Reig. Once the final steps are taken to make this agreement happen, the combined business will have over 1,000 charging stalls in operation or under development, across 11 major metropolitan areas in the US. This will make it one of the country’s largest charging firms dedicated to serving fleet and autonomous vehicle customers.
Further down the line, the combined business also hopes to explore areas such as fleet charging for non-autonomous EV operators, battery storage systems, and more.
Frank Reig, incoming CEO of Voltera, commented on the move:
“Voltera and Revel have both spent years working to build charging infrastructure that works for the operators deploying fleets at scale in dense cities around the country. 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.”
Brett Hauser, CEO of Voltera, added:
“I’m proud of what the Voltera team has built, from our development pipeline to the customer relationships and infrastructure platform we’ve established. 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.”
