EV charging providers Voltera and Revel have agreed to merge, creating a larger charging infrastructure platform focused on commercial fleets, ride-hail operators, and autonomous vehicle deployments in major UA cities.
The combined company will operate more than 1,000 charging stalls that are either in service or under development across 11 metropolitan markets. The network will target dense urban areas where fleet operators face limited access to dedicated charging infrastructure.
The transaction reflects continued consolidation in the EV charging sector as operators seek greater scale and access to capital. Fleet charging has emerged as a key growth segment, driven by electrification targets, expanding ride-hail fleets, and planned autonomous vehicle deployments.
Following the merger, the company will continue operating under the Voltera name. EQT will hold a majority ownership stake, while Global Infrastructure Partners, part of BlackRock, will retain a minority interest.