Voltera and Revel today announced that they have entered into a definitive agreement to combine their businesses, creating a next-generation infrastructure platform focused on building, owning, and operating fast-charging networks purpose-built for autonomous vehicles, electric fleets, and ride-hail deployment in dense urban markets.
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The combined company will bring together Voltera’s and Revel’s complementary capabilities across real estate, development, and power infrastructure, forming a scaled platform designed to deliver high-performance charging solutions in urban environments. Upon closing, the combined platform is expected to include more than 1,000 charging stalls operational and under development across 11 major U.S. metro markets, and one of the largest dedicated charging footprints serving fleet and autonomous vehicle customers in the United States.
Upon closing of the transaction, the combined company will operate under the Voltera name and brand with a streamlined organizational structure led by Revel CEO Frank Reig. Current Voltera CEO Brett Hauser will transition out of his role as CEO following closing and continue with the organization in a senior commercial advisory capacity to support the combined platform and ensure a smooth transition.
By combining Voltera’s development platform and customer relationships with Revel’s established urban footprint and operating expertise, the new platform is expected to be well-positioned to support the rapid growth of electric and autonomous mobility.
“Voltera and Revel have both spent years working to build charging infrastructure that works for the operators deploying fleets at scale in dense cities around the country,” said Frank Reig, incoming CEO of Voltera. “Bringing these teams together is the natural next step to deliver greater scale and stronger solutions in the key markets where fleet and autonomous vehicle customers need reliable infrastructure the most.”
“I’m proud of what the Voltera team has built, from our development pipeline to the customer relationships and infrastructure platform we’ve established,” said Brett Hauser, CEO of Voltera. “Revel is the right partner for Voltera, with both companies recognizing early on the importance of their shared vision for the future of EV charging infrastructure. I’m confident in the path ahead and believe the combined platform is well-positioned for the future.”
“The electrification of urban mobility is one of the most capital-intensive infrastructure buildouts of this decade, and the operators who move first in the right markets, and with the right assets, will define the category,” said Erwin Thompson, Partner at EQT. “Together, we believe that Voltera and Revel will be well-positioned to lead the next phase of urban EV infrastructure deployment.”
The combined company will pursue a customer-centric strategy, aligning market selection, site design, and deployment timing with the needs of fleet and autonomous vehicle customers. Investment will be concentrated in a focused set of high-value urban markets.
The platform will follow a capital-efficient growth model, prioritizing sites that are compatible with fleet and autonomous vehicle operations. Over time, the combined company expects to deploy capital across a targeted set of core urban markets, building a scaled network of fast-charging infrastructure. The combined business will continue advancing existing projects from both companies while refining a unified development pipeline and capital strategy.
In addition to charging infrastructure for autonomous and ride-hail fleets, the platform expects to explore adjacent opportunities, including EV fleet charging for non-autonomous operators, energy solutions such as battery storage and energy management, and integrated fleet services to support customer operations.
Transaction Details
As part of the transaction, EQT will serve as the majority owner of the combined company, with Global Infrastructure Partners, a part of BlackRock, Revel’s existing lead sponsor, retaining a minority stake.
About Voltera
Voltera builds and operates the high-throughput infrastructure networks that enable autonomous ride-hail fleets to launch faster and scale smarter. The company develops and operates next-generation hubs that combine charging, servicing, staging, and operations — so fleets can maximize uptime, accelerate deployment, and grow reliably across major markets. For more information, visit volterapower.com.
About Revel
Founded in 2018, Revel is a Brooklyn-based company committed to helping big cities transition to a zero-emission electric future. The company is the leading provider of public EV fast charging in New York City. Learn more at gorevel.com.
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