Shell USA is buying Volta and its over 3,000 EV chargers.
. According to the press release, the company is already planning to install another 3,400 stalls over an undisclosed period of time.Last year,in customer satisfaction for Level 2 chargers. It largely operates stations in high-traffic retail parking lots, providing free electricity for EV drivers, with revenue generated from ads displays.
Shell’s purchase marks one of very few EV charging networks in the US that are now owned by an oil and gas company. EVgo, another charging network, was once
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Shell unit to acquire EV charging firm Volta for about $169 mlnVolta Inc said on Wednesday that a Shell Plc subsidiary would take over the electric vehicle (EV) charging network operator in an all-cash deal valued at about $169 million.
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Shell is buying EV charging company Volta for $169 million | EngadgetOil and gas company Shell is buying EV charging operator Volta for $169 million.
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Volta rallies after it agrees to be sold to Shell USAVolta Inc. stock jumped 4.5% in premarket trades after the electric-vehicle charging network technology company agreed to be acquired by Shell USA Inc. for...
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