Voltera and Revel have entered into a definitive agreement to combine their businesses, creating a scaled EV infrastructure platform focused on fast-charging networks for autonomous vehicles, electric fleets, and ride-hail operations in dense urban markets.
The combined company will operate under the Voltera name and brand following the close of the transaction. Revel CEO Frank Reig will lead the combined organization, while current Voltera CEO Brett Hauser will transition out of the CEO role and continue with the company in a senior commercial advisory capacity.
The combination brings together Voltera’s development platform and customer relationships with Revel’s urban footprint and operating expertise. Upon closing, the combined platform is expected to include more than 1,000 charging stalls operational and under development across 11 major U.S. metro markets.
The platform will focus on building, owning, and operating fast-charging infrastructure designed for the needs of fleet and autonomous vehicle customers. That includes aligning market selection, site design, and deployment timing with customer operations in a focused set of high-value urban markets.
“Voltera and Revel have both spent years working to build charging infrastructure that works for the operators deploying fleets at scale in dense cities around the country,” said Reig, incoming CEO of Voltera. “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.”
The transaction comes as companies deploying electric fleets, autonomous vehicles, and ride-hail services continue to evaluate how charging availability, site design, and operational support can affect uptime and scalability. The combined Voltera platform is expected to prioritize sites that are compatible with fleet and autonomous vehicle operations while advancing projects already in development by both companies.
Voltera said the combined business will continue refining a unified development pipeline and capital strategy. In addition to charging infrastructure for autonomous and ride-hail fleets, the company expects to explore adjacent opportunities, including charging for non-autonomous EV fleets, battery storage, energy management, and integrated fleet services.
“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 Hauser. “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.”
As part of the transaction, EQT will serve as the majority owner of the combined company. Global Infrastructure Partners, which is part of BlackRock and Revel’s existing lead sponsor, will retain a minority stake.
“The electrification of urban mobility is one of the most capital-intensive infrastructure buildouts of this decade, and the operators who move first in the right markets, and with the right assets, will define the category,” said Erwin Thompson, partner at EQT. “Together, we believe that Voltera and Revel will be well-positioned to lead the next phase of urban EV infrastructure deployment.”
