Voltera, a Palo Alto, CA-based developer, owner, and operator of charging infrastructure for zero-emission vehicle (ZEV) fleets, secured a $100m debt facility.
ING Capital acted as Bookrunner and together with Investec as Lead Arranger and Green Loan Co-Coordinator on the financing. The debt facility from ING and Investec added to ongoing equity support from EQT.
The company intends to use the funds to scale charging infrastructure deployments for zero-emission vehicles.
Led by Matt Horton, CEO, Voltera develops, owns, and operates strategically located, fit-for-purpose charging facilities to enable EV deployment and operation at scale.
The financing will be used to support the development of multiple Voltera-owned and operated 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.
FinSMEs
13/08/2024