EV Charging Company Volta to be Acquired by Shell USA for Approximately $169 Million

On January 18, 2023, Volta, Inc. announced that Shell USA Inc., a subsidiary of Shell plc will acquire the company in an all-cash transaction valued at approximately $169 million. Under the terms of the agreement, Shell USA Inc. will acquire all outstanding shares of Class A common stock of Volta at $0.86 per share in cash.

For additional details on this announcement, click here.

Volta originally went public via a SPAC in 2021 in a deal that valued the company at approximately $2 billion.

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