REVEL MERGES WITH EQT-BACKED VOLTERA

The merger unites two charging providers operating in the commercial EV space. Voltera, backed by EQT Partners, and Revel bring complementary infrastructure and operational capabilities to the consolidated company. The combined network will target the growing ride-hail and autonomous vehicle segments, positioning itself to capture demand from companies operating fleets of electric vehicles in cities. Both companies have been investing in charging infrastructure designed specifically for commercial operators rather than individual consumers. This consolidation follows broader industry trends as EV charging networks compete for market share in the commercial space. The autonomous vehicle sector represents a significant growth opportunity, with companies like Waymo and Cruise operating or planning robotaxi services in major metropolitan areas. Financial terms of the merger were not disclosed. The deal reflects confidence in the commercial EV charging market despite broader challenges facing some charging networks.