EV charging companies Voltera and Revel are joining forces to build what they say will be one of the biggest fast-charging platforms in the US, focused on fleets, ride-hail drivers, and robotaxis.
Once the deal closes, the combined company will operate under the Voltera name and be led by current Revel CEO Frank Reig.
The combined business is expected to include more than 1,000 charging stalls, either already operational or under development, across 11 major US metro areas.
The companies say the focus will be on dense urban markets where commercial EV fleets, robotaxis, and ride-hail operators need reliable, fast charging.
A ‘natural next step’
Revel is already well known for operating large public fast-charging hubs in New York City, while Voltera has focused on real estate development and EV charging infrastructure for fleets.
The merger combines Revel’s operating experience with Voltera’s development pipeline and customer relationships.
The companies say the goal is to build charging sites specifically designed for commercial operations.
Incoming Voltera CEO Frank Reig said both companies have spent years building charging infrastructure for fleet operators in dense cities and that combining forces is the “natural next step” to scale faster in key markets.
Current Voltera CEO Brett Hauser will step down after the transaction closes but will stay involved in a senior commercial advisory role to help support the transition.
Urban EV infrastructure deployment
The merged company will be majority-owned by global investment firm EQT, while Global Infrastructure Partners, part of BlackRock and Revel’s current lead sponsor, will retain a minority stake.
EQT partner Erwin Thompson said urban transportation electrification is one of the biggest infrastructure buildouts this decade, and that companies that move early in the right markets could end up dominating the sector.
The combined company says it plans to focus on fewer, higher-value urban markets rather than trying to expand everywhere at once.
Alongside EV charging for robotaxis and ride-hail fleets, the company says it may also expand into battery storage, energy management, and integrated fleet services.
The merger comes as cities across the US race to add more charging infrastructure ahead of expected growth in electric fleets and autonomous ride-hail services.
Electrek’s Take
This deal makes sense.
Over the last year, Revel has been ramping up a strong urban fast-charging brand in the US, especially in New York City, where reliable public charging is badly needed for rideshare drivers and commercial fleets. Voltera brings the real estate and infrastructure development expertise that’s critical for scaling quickly.
The interesting part here is the focus on autonomous vehicles. Robotaxi companies will need dedicated, high-utilization charging hubs in cities, and that infrastructure won’t look exactly like today’s public charging model.
Owning strategically located urban charging real estate could prove extremely valuable over the next few years as EV commercial charging needs continuously evolve.
Read more: New York awards $60M to Revel to install 267 DC fast chargers
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