What you need to know:
- Voltera and Revel are merging to build a major EV charging infrastructure platform serving autonomous vehicles, ride-hail operators, and commercial EV fleets
- The combined company will manage more than 1,000 fast-charging stalls across 11 U.S. metro markets, expanding its footprint in urban EV charging and fleet electrification
- EQT will become the majority owner, while BlackRock-backed Global Infrastructure Partners retains a minority stake, highlighting growing investment in clean energy infrastructure
- Incoming CEO Frank Reig will lead expansion efforts focused on high-capacity EV charging hubs, battery storage, and energy management solutions
Electric vehicle infrastructure companies Voltera and Revel announced today they have agreed to combine operations in a deal aimed at expanding fast-charging infrastructure for autonomous vehicles, ride-hail operators, and commercial EV fleets in major U.S. cities.
The combined company, which will operate under the Voltera brand, is expected to manage more than 1,000 charging stalls that are operational or in development across 11 metropolitan markets. The platform will focus on dense urban areas where fleet electrification and autonomous vehicle deployment are accelerating.
[Related: Voltera building 6.5 Megawatt charging depot in Salt Lake Valley]
Revel CEO Frank Reig will lead the merged company following the close of the transaction. Current Voltera CEO Brett Hauser will transition into a senior advisory role focused on commercial strategy and integration support.
The transaction will leave EQT as the majority owner of the combined company, while Global Infrastructure Partners—the infrastructure investment firm owned by BlackRock and Revel's lead backer—will maintain a minority stake in the business.
The deal combines Voltera's real estate development and power infrastructure capabilities with Revel's operational footprint in urban EV charging. The companies said the merger is intended to strengthen their ability to serve high-utilization fleet customers that require reliable, large-scale charging access in city markets.
"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," Reig said.
"I'm proud of what the Voltera team has built, from our development pipeline to the customer relationships and infrastructure platform we've established,” said Brett Hauser, CEO of Voltera. "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."
The merged platform plans to concentrate investment in select urban markets and prioritize charging sites designed specifically for fleet and autonomous vehicle operations. The company also said it may expand into related energy and fleet services, including battery storage and energy management.
"The operators who move first in the right markets, and with the right assets, will define the category," said Erwin Thompson from EQT. "Together, we believe that Voltera and Revel will be well-positioned to lead the next phase of urban EV infrastructure deployment."
