Volta Media™ Network Surpasses One Billion Monthly Impressions and More Than 30,000 Tons of CO2 Emissions Avoided

 Volta attracts larger digital media budgets with expanded measurement, programmatic buying, and data-driven targeting capabilities for advertisers

SAN FRANCISCO--(BUSINESS WIRE)-- Volta

Volta Launches PredictEV® Fleet Product to Accelerate Transition of Commercial Fleets to Electric Vehicles

 Multi-year agreement in place with Southern Company to create comprehensive and efficient fleet electrification strategies

SAN FRANCISCO--(BUSINESS WIRE)-- Volta Inc. (NYSE: VLTA), an industry-leading electric vehicle (“EV”) charging network powering vehicles and commerce, today announced the launch of PredictEV^® Fleet, the second product within its suite of machine learning and artificial intelligence (“AI”) solutions for infrastructure planning, with a multi-year commitment from Southern Company (NYSE: SO), the second-largest utility company in the United States.

Volta Supercharges Business Opportunities for Commercial Properties and Retail Locations with New SVP of Charging Solutions Rick Baker

02/01/2022



Baker will help catalyze Volta's behavior-based EV charging and digital media dual approach to drive successful business outcomes for partners

SAN FRANCISCO--(BUSINESS WIRE)-- Volta, Inc. (NYSE: VLTA), the industry leader in commerce and people-centric electric vehicle ("EV") charging, today announced the appointment of Rick Baker as its Senior Vice President of Charging Solutions.

Baker will lead the Charging Solutions organization responsible for growing Volta's partnerships with commercial properties and retail locations. He will work in tandem with the Volta Media™ Network team to ensure all clients and partners can leverage Volta's full suite of solutions to capture the greatest economic upside for their core businesses. He will report directly to the company's Chief Revenue Officer, Brandt Hastings.

"Volta was built to re-imagine the kind of infrastructure that can catalyze and accelerate the shift from combustion-powered miles to electric miles. And our deep understanding of the accompanying shift in consumer behavior allows us to deliver unique insights that drive strong business outcomes for our site partners and advertisers alike," said Hastings. "Rick's robust background in software and hardware sales strategy, in addition to his expertise in corporate transformation, will be tremendous assets as Volta reaches its next stage of growth."

Baker has over 20 years of experience driving revenue growth, creating commercial strategies, building new business and developing partnerships, and pre-sales engineering. Before joining Volta, he was Chief Revenue Officer at OTTO Motors, a venture capital and private equity-backed startup that works with manufacturing and warehouse clients, including several of the automotive OEMs and GE, Amway, Danfoss, and Faurecia, to create resilient supply chains. Before OTTO Motors, Baker worked for numerous automation and software companies and served in the U.S. military for 15 years.

"After more than two decades working with various AI, automation, and software companies, I recognize true innovation when I see it," said Baker. "Volta's dual EV charging and digital media capabilities connect clean miles to commerce, offering unique value to business partners looking to embrace sustainable forms of transportation - and the new consumer priorities that come along with it. I look forward to being part of Volta's continued growth as electric vehicles become increasingly mainstream."

Volta provides seamless, universal, and reliable charging that complements consumers' daily lives and routines – meeting people where they live, shop, work, and play. With unique charging stations that feature eye-catching digital screens located near the entrances of premier commercial locations, Volta's network is among the most utilized in the U.S.

About Volta

Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.

Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding Volta’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: intense competition faced by Volta in the EV charging market and in its content activities; the possibility that Volta is not able to build on and develop strong relationships with real estate and retail partners to build out its charging network and content partners to expand its content sales activities; market conditions, including seasonality, that may impact the demand for EVs and EV charging stations or content on Volta’s digital displays; risks, cost overruns and delays associated with construction and installation of Volta’s charging stations; risks associated with any future expansion by Volta into additional international markets; cost increases, delays or new or increased taxation or other restrictions on the availability or cost of electricity; rapid technological change in the EV industry may require Volta to continue to develop new products and product innovations, which it may not be able to do successfully or without significant cost; the risk that Volta’s shift to including a pay-for-use charging business model and the requirement of mobile check-ins adversely impacts Volta’s ability to retain driver interest, content partners and site hosts; the EV market may not continue to grow as expected; and the ability to protect its intellectual property rights; and those factors discussed in Volta’s Registration Statement on Form S-1, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Volta files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Volta undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.



View source version on businesswire.com: https://www.businesswire.com/news/home/20220201005233/en/

Media / Press:
Jette Speights
jette@voltacharging.com

Investor / Analyst:
Katherine Bailon
katherine@voltacharging.com

So Much More Than Electric Vehicle Charging: US-Pioneer Volta Enters the European Market

 

So Much More Than Electric Vehicle Charging: US-Pioneer Volta Enters the European Market

Rich media charging stations electrify retail and real estate industries by increasing on-site revenue

BERLIN & PARIS & ZURICH--(BUSINESS WIRE)-- Volta Inc. ("Volta"), the industry leader in commerce-centric electric vehicle (“EV”) charging, announced its expansion into the European market, with an initial focus on Germany, Austria, Switzerland, and France. The announcement was made today at the NOAH Conference in Zurich.

Volta Partnership With Cinemark Theatres Provides Electric Vehicle Charging to Moviegoers

 

Volta Partnership With Cinemark Theatres Provides Electric Vehicle Charging to Moviegoers

Stations Allow Audiences to Charge While Visiting the Theatre

SAN FRANCISCO--(BUSINESS WIRE)-- Volta Inc. (“Volta”), an industry leader in commerce-centric electric vehicle (“EV”) charging networks, announced the expansion of its partnership with Cinemark Theatres (“Cinemark”) to provide EV charging at select Cinemark movie theatre locations across the U.S. Cinemark moviegoers have had the opportunity to charge at Volta stations since 2018, when Cinemark installed its first EV charging location.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211117005420/en/

Volta Partnership with Cinemark Theatres Provides Electric Vehicle Charging to Moviegoers (Photo: Business Wire)

“Cinemark is greatly looking forward to continuing to serve our communities through our partnership with Volta,” said Art Justice, Cinemark Vice President of Energy and Sustainability. “We already have installed approximately 100 stations across our domestic circuit, and by increasing our electric vehicle charging capacity, can be more than just an entertainment destination for our guests. We are eager to continue growing our relationship with Volta to allow more moviegoers the chance to charge their vehicles while enjoying the immersive, cinematic experience.”

As movie lovers seek out the entertaining escape of watching a great movie on the big screen, the addition of EV charging stations provides a sustainable amenity that seamlessly integrates into a driver’s everyday life. With an average on-site charging time of 105 minutes, drivers enjoy charge time that is well matched to the length of their moviegoing experience. Volta has already installed almost 100 charging stations at Cinemark locations and customer satisfaction has been positive. Since establishing the partnership, Volta's EV charging stations have powered nearly 1.2 million electric miles for Cinemark customers. More than 27,000 gallons of gasoline have been saved, as well as approximately 53,500 pounds of CO2.

Cinemark has also taken advantage of the Volta charging stations’ digital screens to showcase theatre updates, upcoming films, concessions, and onsite events.

“Volta’s partnership with Cinemark is a sign of significant progress towards our mission to meet EV drivers at the places they love to go,” said Scott Mercer, Founder and CEO of Volta. “This is an opportunity to provide a meaningful charging experience to EV drivers at locations where they already plan to spend a substantial amount of time, which ultimately translates to customers understanding that charging infrastructure can be a convenient, accessible and reliable service that is part of everyday life.”

Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta builds and operates a nationwide EV charging network that is among the best utilization per station in the EV charging industry for the United States. Centered around capturing new spending habits expected to result from the shift to electric vehicles, Volta seeks to transform the fueling industry by building open-network charging stations in locations where drivers already spend their time and money, including grocery stores, pharmacies and other retail and entertainment locations.

Data collected to determine environmental benefits from consumer use of Volta's charging stations were tabulated in accordance with US Environmental Protection Agency's (EPA) methodology using the EPA's published greenhouse gas equivalencies calculator. Miles per kWh calculation assumes a weighted average, using the US Department of Energy's published miles per kWh rating per electric vehicle (EV) model, multiplied against each model's market share among EVs based on IHS-Markit's quarterly vehicle-in-operation report.

About Volta

Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.

Forward Looking Statements

This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding Volta’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: intense competition faced by Volta in the EV charging market and in its content activities; the possibility that Volta is not able to build on and develop strong relationships with real estate and retail partners to build out its charging network and content partners to expand its content sales activities; market conditions, including seasonality, that may impact the demand for EVs and EV charging stations or content on Volta’s digital displays; risks, cost overruns and delays associated with construction and installation of Volta’s charging stations; risks associated with any future expansion by Volta into additional international markets; cost increases, delays or new or increased taxation or other restrictions on the availability or cost of electricity; rapid technological change in the EV industry may require Volta to continue to develop new products and product innovations, which it may not be able to do successfully or without significant cost; the risk that Volta’s shift to including a pay-for-use charging business model and the requirement of mobile check-ins adversely impacts Volta’s ability to retain driver interest, content partners and site hosts; the EV market may not continue to grow as expected; and the ability to protect its intellectual property rights; and those factors discussed in Volta’s Registration Statement on Form S-1, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Volta files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Volta undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

About Cinemark Holdings, Inc.

Headquartered in Plano, TX, Cinemark (NYSE: CNK) is one of the largest and most influential movie theatre companies in the world. Cinemark’s circuit, comprised of various brands that also include Century, Tinseltown and Rave, operates 524 theatres (324 U.S., 200 South and Central America) with 5,897 screens (4,440 U.S., 1,457 South and Central America) in 42 states domestically and 15 countries throughout South and Central America. Cinemark consistently provides an extraordinary guest experience from the initial ticket purchase to the closing credits, including Movie Club, the first U.S. exhibitor-launched subscription program; the highest Luxury Lounger recliner seat penetration among the major players; XD - the No. 1 exhibitor-brand premium large format; and expansive food and beverage options to further enhance the moviegoing experience. For more information go to https://investors.cinemark.com/

View source version on businesswire.com: https://www.businesswire.com/news/home/20211117005420/en/

Sabrina Strauss
Goodman Media International, Inc.
VoltaPR@goodmanmedia.com

Source: Volta Inc.

Volta Inc. Reports Financial Results for Third Quarter 2021

 Volta Inc. Reports Financial Results for Third Quarter 2021

Third Quarter Revenue Up 77% year-over-year (“YoY”) to $8.5 Million, up 22% quarter-over-quarter (“QoQ”)

– 50% YoY growth in Total Installed Stalls - 2,137 as of Sept 30, 2021, up 168 in the quarter

– Added new media brands Visa, DHL and Discover to the platform; while Comcast, Dunkin’, FedEx, and Hulu returned as repeat advertisers

SAN FRANCISCO--(BUSINESS WIRE)-- Volta Inc. (NYSE: VLTA) ("Volta" or "the Company"), an industry leader in commerce-centric electric vehicle (“EV”) charging networks, today announced financial results for its third quarter ended September 30, 2021.

“This year has been momentous for Volta as we continue our mission to build the fueling infrastructure of the future and support the multi-generational shift to electric mobility,” said Scott Mercer, Founder and CEO of Volta. “Since announcing our business combination with Tortoise in February, we have continued growing our Network Development partner relationships across multiple sectors and flagship community locations, while further strengthening our Behavior and Commerce customer base. I couldn’t be more excited about Volta’s future. Our significant pipeline provides a strong foundation for future growth that will further compound the value of our network.”

Key Company Highlights

• Six Flags Agreement partnering with Six Flags Entertainment Corporation, the world’s largest regional theme park company and the largest operator of waterparks in North America, to make EV charging accessible at their parks across the United States serving hundreds of millions of guests.
• Launch of PredictEV™ product, a machine learning and artificial intelligence driven solution for infrastructure planning, with a multi-year commitment from Southern Company, the second largest utility company in the United States, to utilize the product in its transportation electrification programs.
• Partnering with Bloomberg Media for first-of-its-kind, “Air Pollution Scoreboard” digital place-based integration featuring climate change-focused editorial content across Volta’s national network.

VOLTA: New stations are supporting superior guest experiences at Topgolf venues across the country

 New stations are supporting superior guest experiences at Topgolf venues across the country

SAN FRANCISCO--(BUSINESS WIRE)-- Volta Inc. (“Volta”), an industry leader in commerce-centric electric vehicle (“EV”) charging networks, today announced a partnership with Topgolf Entertainment Group, a global sports and entertainment company, to add electric charging stations to additional venues across the country. Charging stations have already been installed at select venues in Arizona, California, Georgia, Illinois, Maryland, Oregon and Texas, with additional locations planned across Arizona, California, Colorado, Georgia, Maryland, Michigan, South Carolina, Texas and Washington.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211102005395/en/

Topgolf Partners with Volta to Add Electric Vehicle Charging Stations to Select Properties (Photo: Business Wire)

In 2020, Topgolf and Volta kicked off a partnership bringing Volta charging stations to seven Topgolf locations across the country. Over the next 18 months, Topgolf plans to expand its relationship with Volta in new markets.

“Topgolf prioritizes providing a best-in-class guest experience for all,” said Rodney Ferrell, Vice President, Global Partnerships, Topgolf Entertainment Group. “Our partnership with Volta provides our guests with an easy, convenient way to charge their electric vehicles while also enhancing the overall experience of visiting Topgolf.”

“We believe that placing charging stations where people are already spending their time and money is essential to support the growing EV adoption in the U.S.,” said Scott Mercer, Founder and CEO of Volta. “We aim to provide not only a seamless charging experience for drivers, but also enable businesses to provide an added amenity for their guests and a way to lower their environmental impact.”

Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta builds and operates a nationwide EV charging network that has among the best utilization per station in the EV charging industry for the United States. Centered around capturing new spending habits expected to result from the shift to electric vehicles, Volta seeks to transform the fueling industry by building open-network charging stations in locations where drivers already spend their time and money, including grocery stores, pharmacies and other retail locations.

About Volta

Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.

Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding Volta’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: intense competition faced by Volta in the electric vehicle (“EV”) charging market and in its content activities; the possibility that Volta is not able to build on and develop strong relationships with real estate and retail partners to build out its charging network and content partners to expand its content sales activities; market conditions, including seasonality, that may impact the demand for EVs and EV charging stations or content on Volta’s digital displays; risks, cost overruns and delays associated with construction and installation of Volta’s charging stations; risks associated with any future expansion by Volta into additional international markets; cost increases, delays or new or increased taxation or other restrictions on the availability or cost of electricity; rapid technological change in the EV industry may require Volta to continue to develop new products and product innovations, which it may not be able to do successfully or without significant cost; the risk that Volta’s shift to including a pay-for-use charging business model and the requirement of mobile check-ins adversely impacts Volta’s ability to retain driver interest, content partners and site hosts; the EV market may not continue to grow as expected; and the ability to protect its intellectual property rights; and those factors discussed in Volta’s Annual Report on Form 10-K, as amended, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Volta files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Volta undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211102005395/en/

Sabrina Strauss
Goodman Media International, Inc.
VoltaPR@goodmanmedia.com

Source: Volta Inc.

Volta Delivers 100 Million Electric Miles to Drivers

 

Volta Delivers 100 Million Elctric Miles to Drivers

SAN FRANCISCO--(BUSINESS WIRE)-- Volta Inc. (“Volta”), an industry leader in commerce-centric electric vehicle (“EV”) charging networks, announced today that Volta’s network of charging stations has delivered 100 million electric miles to EV drivers across the country. The announcement marks a significant milestone in the expansion and increasing popularization of electric mobility.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211028005275/en/

(Photo: Business Wire)

Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta builds and operates a nationwide EV charging network that has among the best utilization per station in the EV charging industry for the United States. Centered around capturing new spending habits expected to result from the shift to electric vehicles, Volta seeks to transform the fueling industry by building charging stations in locations where drivers already spend their time and money, including grocery stores, pharmacies and other retail locations.

Leonardo DiCaprio, the Academy Award winning actor, invested in Volta when it was a small private company. As one of Volta’s early investors, he noted the importance of this milestone: “The world must move beyond a carbon-based economy in order to save the planet from irreversible climate change. Today’s announcement shows Volta has been building the infrastructure that will be an instrumental component of a broad transition to electric vehicles.” Mr. DiCaprio added: “I’ve been pleased to work with Volta in expanding their charging network across the country, showing drivers that charging is accessible, convenient and reliable.”

Volta’s unique charging stations – which feature large, eye-catching digital displays – provide a premium content viewing experience for both the drivers who plug their vehicles into the stations and the customers who shop at nearby retailers. Volta’s media-enabled charging stations offer brands a dynamic content experience platform, including activation and engagement opportunities. Brands running campaigns on Volta’s stations report experiencing positive results in brand awareness and increased purchase intent.

“We are at a tipping point for mass EV adoption,” said Scott Mercer, Founder and CEO of Volta. “Car companies are committing to an all-electric future and are releasing EV models across multiple price points. The federal government is making electric charging a priority in infrastructure planning. Leonardo DiCaprio’s support and Volta’s accelerated expansion in new states across the country is a testament to society’s readiness to adopt new consumer behaviors on their way toward the electrification of mobility.”

Since its founding in 2010, Volta has been on a mission to drive the world forward by building convenient, reliable charging infrastructure centered around the places drivers live, work, shop and play. Delivering 100 million miles to EV drivers is an important landmark in Volta’s history, underscoring Volta’s commitment to its mission and to a more sustainable future.

Data collected to determine environmental benefits from consumer use of Volta's charging stations were tabulated in accordance with US Environmental Protection Agency’s (EPA) methodology using the EPA's published greenhouse gas equivalencies calculator. Miles per kWh calculation assumes a weighted average, using the US Department of Energy’s published miles per kWh rating per electric vehicle (EV) model, multiplied against each model's market share among EVs based on IHS-Markit’s quarterly vehicle-in-operation report.

About Volta

Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.

Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel,” “believes,” “expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding Volta’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: intense competition faced by Volta in the electric vehicle (“EV”) charging market and in its content activities; the possibility that Volta is not able to build on and develop strong relationships with real estate and retail partners to build out its charging network and content partners to expand its content sales activities; market conditions, including seasonality, that may impact the demand for EVs and EV charging stations or content on Volta’s digital displays; risks, cost overruns and delays associated with construction and installation of Volta’s charging stations; risks associated with any future expansion by Volta into additional international markets; cost increases, delays or new or increased taxation or other restrictions on the availability or cost of electricity; rapid technological change in the EV industry may require Volta to continue to develop new products and product innovations, which it may not be able to do successfully or without significant cost; the risk that Volta’s shift to including a pay-for-use charging business model and the requirement of mobile check-ins adversely impacts Volta’s ability to retain driver interest, content partners and site hosts; the EV market may not continue to grow as expected; and the ability to protect its intellectual property rights; and those factors discussed in Volta’s Annual Report on Form 10-K, as amended, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Volta files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Volta undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211028005275/en/

Sabrina Strauss
Goodman Media International, Inc.
VoltaPR@goodmanmedia.com

Source: Volta Inc.