Voltera, a developer, owner and operator of charging infrastructure for zero-emission vehicle fleets, 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.
The financing will be used to support the development of multiple Voltera-owned and operated EV 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 acted as bookrunner and together with Investec as lead arranger and green loan co-coordinator on the financing.
“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,” said Matt Horton, CEO of Voltera. “Expanding our