Market Overview

Volta Closes $35M Series C Funding Round

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Capital Investment Provides Growth Funding; Will Accelerate Market
Expansion, Product Development and Talent Acquisition

Volta
Charging
, a category groundbreaker in mobility infrastructure, today
announced the closing of a $35M Series C Funding Round. The round,
designed to accelerate the rapid expansion of Volta's Electric Vehicle
(EV) charging and media network, is led by the Invenergy
Future Fund
, with both the Invenergy Future Fund and Activate
Capital
assuming Series C Board seats.

This round of funding is Volta's largest yet. Participants in Volta's
Series C round include new, as well as returning, investors from the US
and Europe. GE
Ventures
, Orsted
Venture
, Nautilus
Venture Partners
, and Idinvest
all join as new investors. Virgo
Investment Group
and Autotech
Ventures
, among others, also each increased the size of their
previous investments, bringing the total now raised by Volta to more
than US $60M since the Company's founding in 2010.

Volta has developed the country's most utilized electric vehicle
charging network. By installing chargers in high-traffic locations in
top media markets and partnering with advertisers to sponsor the
service, Volta EV chargers are available to both drivers and real estate
hosts without cost. With over 1,000 faces available for sponsorship
opportunities today, Volta plans to double its network footprint by the
end of 2018 by adding more stations and opening new markets. The capital
investment will also allow Volta to respond to the increasing demand of
real estate owners who are looking ways to monetize their assets and
increase consumer dwell time. By year's end, Volta anticipates that its
network will operate nationwide in nearly all of the top 10 media
markets, in addition to its initial launch market, Hawaii.

Volta helps brands meet and exceed their financial targets, as well
their corporate social responsibility goals. Sponsorship of amenities,
such as Volta's charging networks, brings greater lift over traditional
out of home media both in reputation and purchase intent. Volta also
works closely with municipalities and industry groups with a stated
commitment to emissions reduction. To date, brand and site sponsored
stations have delivered over 22 million free electric miles, saving over
9 million pounds of CO2.

"This esteemed group of investors, who share our vision, are each
focused on advancing energy, transportation, technology or media
platforms worldwide and we are excited to benefit from these
relationships as we continue to advance mobility infrastructure
worldwide," said Scott Mercer, CEO, Volta Charging. "With this influx of
capital, we will be immediately able to respond to the respective demand
from advertisers, EV drivers, and landlords as we add meaningful value
to communities nationwide."

"We gained confidence in the Volta team through their focus on
execution, and applaud their insight to bring the media industry to bear
to create a mobility infrastructure solution. Volta distills the
surrounding complexity and accelerates the market by executing on
consumer preferences that won't change: free charging in premier
convenient locations," said John Tough, partner at the Invenergy Future
Fund. "We look forward to partnering with the broader investor group to
help Volta meet what has become unabating demand for its differentiated
and scalable model that brings real value to all stakeholders."

"Volta brings us an opportunity to elegantly advance the intersection of
two of our most important sectors - energy and transportation," said
Anup Jacob, Managing Director, Activate Capital. "By leveraging
sponsorship to underwrite free charging and infrastructure, Volta has
created a unique model to accelerate the future of mobility."

"Since we invest exclusively in transportation technology, we spend a
lot of time researching electric vehicle charging technology," said
Autotech Ventures Managing Director, Dr. Alexei Andreev. "Out of all of
the EV charging network startups we have seen, Volta has the most
elegant business model which decouples EV adoption and revenue
generation. Instead of selling electrons to EV owners, Volta sells
advertising space and marketing analytics to media customers. We're
excited to welcome and participate alongside the new round of incoming
investors that will help Volta rapidly grow its footprint across the US."

"We are excited about the opportunities presented by Volta's
advertising-funded mobility solution. We look forward to working with
Volta and support their vision to connect consumers, brands and
communities," said Victor Westerlind, Managing Director at GE Ventures.

"Virgo was excited to lead the Company's prior debt and equity raises,
which enabled the Company to prove the power of its business model over
the past two years. We welcome our new partners and look forward to
collaborating with Volta to further talent and product development.
Volta is well poised to increase both the scale and scope of its
innovative business," said Eli Aheto, Partner, Virgo Investment Group.

"Governments, municipalities, and of course, the automotive industry
itself, are all dedicating significant resources to the future of
mobility," added Mercer. "Our Series C will also allow us to focus on
both growth and leading-edge product development to meet and exceed the
needs of this dynamic environment."

About Volta
Volta is changing the dynamic of mobility
infrastructure. Volta Charging has developed the country's most utilized
electric vehicle (EV) charging network. By installing chargers in
high-traffic locations in top media markets and partnering with brands
to sponsor the service, Volta EV chargers are available to both drivers
and real estate hosts free of cost. Volta also works closely with
municipalities and industry groups with a stated commitment to emissions
reduction. Volta currently operates citywide EV charging networks in
more than 50 municipalities. The company is headquartered in San
Francisco, with offices in New York City, and is always looking for new
transportation problems to solve. To learn more visit www.voltacharging.com.

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