Shell USA, Inc. Acquires Volta Inc.
March 31, 2023
Shell USA, Inc., a subsidiary of Shell plc, has completed the all-cash acquisition of Volta Inc., adding Volta’s EV charging and digital out-of-home media network to Shell’s mobility business. The deal, approved by Volta stockholders and cleared by regulators, transfers Volta’s charging-and-media operations into Shell’s U.S. mobility organization.
- Buyers
- Shell USA, Inc., Shell plc
- Targets
- Volta Inc.
- Sellers
- Volta stockholders
- Industry
- Energy
- Location
- California, United States
- Transaction Type
- Buyout
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