Voltera and Revel 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 designed for autonomous vehicles, electric fleets, and ride-hail deployment in dense urban markets.
The combined company will unite Voltera’s and Revel’s capabilities across real estate, development, and power infrastructure, creating a scaled platform aimed at delivering high-performance charging solutions in urban environments. Upon closing, the platform is expected to include more than 1,000 charging stalls operational and under development across 11 major U.S. metro markets. The company also expects to establish one of the largest dedicated charging footprints serving fleet and autonomous vehicle customers in the United States.
Following the close of the transaction, the combined business will operate under the Voltera name and brand. Revel CEO Frank Reig will lead the company under a streamlined organizational structure. Current Voltera CEO Brett Hauser will step down from the CEO role after closing and continue supporting the organization in a senior commercial advisory position to help ensure a smooth transition.
By combining Voltera’s development platform and customer relationships with Revel’s urban operating footprint and expertise, the combined platform expects to support the rapid expansion of electric and autonomous mobility.
The company plans to pursue a customer-centric strategy that aligns market selection, site design, and deployment timing with the needs of fleet and autonomous vehicle customers. Investments will focus on a targeted group of high-value urban markets.
The combined platform also plans to follow a capital-efficient growth strategy by prioritizing locations that are compatible with fleet and autonomous vehicle operations. The business intends to continue advancing projects from both companies while refining a unified development pipeline and capital strategy.
In addition to autonomous and ride-hail fleet charging infrastructure, the company expects to evaluate adjacent opportunities, including EV fleet charging for non-autonomous operators, battery storage and energy management solutions, and integrated fleet services.
As part of the transaction, EQT will become the majority owner of the combined company, while Global Infrastructure Partners, part of BlackRock and Revel’s existing lead sponsor, will retain a minority stake.
Voltera said it builds and operates high-throughput infrastructure networks that help autonomous ride-hail fleets launch faster and scale more efficiently. The company develops and operates hubs that combine charging, servicing, staging, and operations capabilities to maximize uptime and accelerate fleet deployment.
KEY QUOTES:
“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. 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.”
Frank Reig, Incoming CEO, Voltera
“I’m proud of what the Voltera team has built, from our development pipeline to the customer relationships and infrastructure platform we’ve established. 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.”
Brett Hauser, CEO, Voltera
“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. Together, we believe that Voltera and Revel will be well-positioned to lead the next phase of urban EV infrastructure deployment.”
Erwin Thompson, Partner, EQT
