Volta Industries, a Honolulu-based provider of free-to-use, advertising-supported electronic vehicle (EV) charging stations, raised a seed funding of undisclosed amount.
Backers included EPIC Ventures and Honolulu-based venture accelerator and investor Blue Startups.
To date, Volta has raised $1.875m from the above mentioned investors and 500 Startups and Ulupono Initiative, the Hawaii-based social investment firm of eBay founder Pierre Omidyar.
The company intends to use the funds to launch a station-finder mobile app and accelerate expansion of its EV charging network throughout North America.
Founded in 2010 by Scott Mercer, CEO, Volta plans, designs, constructs and installs charging stations in high-visibility locations such as shopping centers and movie theaters, providing convenient spots for EV drivers to stop, visit and charge their car. It provides the energy to the EV driver, all free of charge. The EV charging network is supported by advertising partners, which sponsor charging units.
Stations are active in Hawaii, California and Arizona.
FinSMEs
09/01/2014