A new company with a star team and plenty of backing from equity firms has joined the rapidly-growing fleet infrastructure space. Newly-launched Voltera provides EV charging facilities as a service—its turnkey solution includes site identification and acquisition, power procurement, facility design and construction, charging hardware deployment, operations and maintenance.
Voltera’s customers include “organizations looking to electrify without disrupting operations or investing significant time and upfront capital to install EV charging capacity, as well as automakers looking to deploy charging infrastructure to support EV sales.”
Voltera CEO Matt Horton has considerable experience in the infrastructure industry—he previously served as Executive VP of Energy & Charging Solutions at Rivian and Chief Commercial Officer at Proterra. “Fleet operators, automakers, and consumers alike are adopting electric vehicles at a rapidly accelerating pace” he says. “Lagging far behind, though, is the power infrastructure needed to support EVs at scale. We have to bridge that gap if we’re going to make zero-emission transportation a reality.”
“As companies take initial delivery on large EV orders, they’re finding that the charging infrastructure does not exist at the scale needed to support those, or future, deployments,” Horton continues. “A key part of the challenge is that charging facilities need to be strategically located and require vast amounts of power. In the US and Europe, almost 150 gigawatts of power—about equivalent to the annual power consumption of all US households—will be required by EV fleets by 2030.”