Shell to Acquire Volta’s EV Charging Network for Roughly $169 Million

Volta Inc. has announced a merger agreement under which Shell USA would acquire Volta in an all-cash transaction valued at approximately $169 million (USD). The big get here is Volta’s electric-vehicle charging network that doubles as a media board that can display advertisements, public service, announcements, and whatever else Shell might want people to see.

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'Free' EV Charging Still Costs Something

There are plenty of ways to get free gasoline. Unfortunately, most require you to become uncomfortably intimate with advertising to reap any rewards. Converting your vehicle into a mobile billboard for a brand is a good way to convince said brand to foot your monthly gas bill. But you can also sit through hours of digital surveys or ads to encourage companies to part with fuel cards. Either way, it’s free go juice — with a catch.

Volta Industries is attempting to duplicate this model for EV charging, without the need for middle men. The company will allot a certain amount of electric charge time to customers willing to interact with “embedded advertisements” occupying high-end retail zones. While the company has promoted this business model for several years, it only entered our peripheral vision in recent months after securing investments and solidifying its plans.

Despite the phrase “if you’re getting something for free, you are the product” being around since at least the 1970s, it’s infinitely applicable here.

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  • CanadaCraig You can just imagine how quickly the tires are going to wear out on a 5,800 lbs AWD 2024 Dodge Charger.
  • Luke42 I tried FSD for a month in December 2022 on my Model Y and wasn’t impressed.The building-blocks were amazing but sum of the all of those amazing parts was about as useful as Honda Sensing in terms of reducing the driver’s workload.I have a list of fixes I need to see in Autopilot before I blow another $200 renting FSD. But I will try it for free for a month.I would love it if FSD v12 lived up to the hype and my mind were changed. But I have no reason to believe I might be wrong at this point, based on the reviews I’ve read so far. [shrug]. I’m sure I’ll have more to say about it once I get to test it.
  • FormerFF We bought three new and one used car last year, so we won't be visiting any showrooms this year unless a meteor hits one of them. Sorry to hear that Mini has terminated the manual transmission, a Mini could be a fun car to drive with a stick.It appears that 2025 is going to see a significant decrease in the number of models that can be had with a stick. The used car we bought is a Mk 7 GTI with a six speed manual, and my younger daughter and I are enjoying it quite a lot. We'll be hanging on to it for many years.
  • Oberkanone Where is the value here? Magna is assembling the vehicles. The IP is not novel. Just buy the IP at bankruptcy stage for next to nothing.
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