Free Electric Vehicle Charging from Volta Industries Gets Equity Boost from EPIC Ventures
To help jump start Volta Industries, a Honolulu-based provider of free-to-use, advertising-supported electronic vehicle (EV) charging stations, EPIC Ventures, in partnership with Blue Startups, announced a seed capital investment.
Financial terms of the investment were not disclosed. Volta has raised $1.875 million in funding to date. EPIC joins existing Volta investors Blue Startups, 500 Startups and Ulupono Initiative, the Hawaii-based social investment firm of eBay founder Pierre Omidyar.
Volta will use the investment to launch a station-finder mobile app and accelerate expansion of its EV charging network throughout North America. With a fast-growing presence in California and Arizona, nearly half of Volta’s approximately 50 EV charging units are located outside of the Hawaiian Islands, and that number is expected to increase dramatically in 2014.
Operating independent of government subsidies, Volta’s EV charging stations are available at no cost to EV drivers. That’s worth repeating: no cost!
The company’s EV charging network is supported by advertising partners, which sponsor charging units. The company 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.
About Volta Industries
Founded in 2010, Volta Industries LLC focuses on the the design and installation of EV charging projects in Hawaii, California and Arizona, including the first charging station for the State of Hawaii installed at the State Capitol in July 2011. Volta’s proprietary business model is the first of its kind worldwide, paving the way for Volta to be named Hawaii’s Innovative Company of the Year in 2012 and Best in Small Business in 2013. More info at: www.voltacharging.com and www.EPICvc.com.
Category: Featured, Fuel & Oil, General Update, Green
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