Voltera, a leading developer, owner, and operator of charging infrastructure for zero-emission vehicle (ZEV) fleets, today announced it has secured a $100 million debt facility to support capital expenditure deployment on assets that are backstopped by customer contracts, a first-of-its-kind for the electric vehicle (EV) charging industry.
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The financing will be used to support the development of multiple Voltera-owned and operated charging sites as well as continued corporate growth and other initiatives. Under the terms of the agreement, Voltera will have the option to increase commitments over time as the facility is utilized. ING Capital LLC (“ING”) acted as Bookrunner and together with Investec Inc. (“Investec”) as Lead Arranger and Green Loan Co-Coordinator on the financing.
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“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.”
“Our partnership with Voltera aligns with Investec’s commitment to advancing electric infrastructure and supporting the transition to a sustainable economy,” said Hans Beekmans, Co-Head Energy and Infrastructure Finance at Investec. “We are delighted to have supported the Voltera team with its deep expertise in the sector and proven ability to efficiently deliver power to its customers and look forward to partnering further as they expand their portfolio.”
Voltera’s debt facility from ING and Investec comes in addition to its ongoing equity support from EQT, which provides access to billions of dollars of equity capital that EQT has raised for sustainable infrastructure development.
About Voltera
Voltera develops, owns, and operates strategically located, fit-for-purpose charging facilities to enable EV deployment and operation at scale. With equity backing from EQT and plans to invest billions in capital, alongside a team with deep experience deploying charging assets, proven critical infrastructure expertise, and key strategic partners, Voltera is uniquely positioned to help solve the EV infrastructure challenge and scale zero-emission transportation.
