Voltera secures a $100 million debt facility
Voltera’s debt facility comes from ING and Investec and is on top of “ongoing equity support from EQT, which provides access to billions of dollars of equity capital that EQT has raised for sustainable infrastructure development,” Voltera explains. The latter also points out that it “will have the option to increase commitments over time as the facility is utilized.”
“Our mission is to help customers succeed in a carbon-free transportation future by removing the time and financial burden of having to develop, own, and operate charging infrastructure entirely. Expanding our sources of capital enables us to extend these benefits to a greater number of customers as we continue to scale,” said Matt Horton, CEO of Voltera. “Funding from partners like ING and Investec reinforces the market’s positive response to our offering and further validates our business model.”
Voltera says about itself that it “develops, owns, and operates strategically located, fit-for-purpose charging facilities to enable EV deployment and operation at scale.” To that end, it sets up EV charging infrastructure for electric cars, as well as electric commercial vehicles.
In March, it opened a truck charging hub in Lynwood, California, near the ports of Los Angeles and Long Beach. The site was developed together with Einride and can charge up to 200 vehicles per day.
Voltera is also part of the US lobby organisation Powering America’s Commercial Transportation (PACT). The latter was formed by Daimler Truck North America, Volvo Group, and Navistar at the beginning of 2024 to promote the development of charging infrastructure for commercial vehicles.
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