Volta Inc. ("Volta") announced that Shell USA, Inc., a subsidiary of Shell plc, has completed the previously announced acquisition of Volta in an all-cash transaction. The merger brings Volta's powerful dual charging and media network to Shell's established brand and seeks to unlock robust, long-term growth opportunities in electric vehicle ("EV") charging. The transaction closed after receiving various regulatory clearances and approval from Volta's stockholders.
Vince Cubbage, Interim Chief Executive Officer of Volta, Michelle Kley, Chief Legal Officer of Volta, Drew Lipsher, Chief Development Officer of Volta, and Stephen Pilatzke, Chief Accounting Officer of Volta, have resigned from their positions following the closing of the merger. Brandt Hastings, formerly Chief Commercial Officer of Volta, will lead the Volta business as President and Chief Executive Officer within the Shell Mobility organization.
