Friday, 24 March, 2023

Shell Is Acquiring EV Charging Network Volta For $169 Million

<p>Shell USA, a U.S.-based subsidiary of oil company Shell is buying EV charging network operator Volta in an all-cash transaction valued at $169 million. Volta shares, which have been trading under $1 since November, rose 0.73% following the announcement. The company places its chargers at shopping malls and grocery stores where EV drivers can power up their batteries for free.Volta went public in 2021 via a merger, has an advertising-based business model.</p>