SAN FRANCISCO, Aug. 19, 2021 /PRNewswire/ -- Volta
Industries, Inc. ("Volta Charging"), an industry leader in
commerce-centric electric vehicle ("EV") charging networks, which
has entered into a definitive agreement for a business combination
with Tortoise Acquisition Corp. II (NYSE: SNPR), today announced
the launch of its PredictEV™ product, a machine learning and
artificial intelligence ("AI") solution for infrastructure
planning, with a multi-year commitment from Southern Company, the
second largest utility company in the
United States. The PredictEV™ product was created to support
Volta Charging's commerce-centric, electric vehicle charging
network and is now available to corporate, public agency,
government, consulting and utility organizations, like Southern
Company, planning to meet the coming demand for EV charging
infrastructure development.
Founded on the premise that the electrification of mobility is
likely to be a transformational shift, Volta Charging builds and
operates a nationwide EV charging network that has among the best
utilization per station in the EV charging industry for
the United States. Centered around
capturing new spending habits expected to result from the shift to
electric vehicles, Volta Charging seeks to transform the fueling
industry by building open-network charging stations in locations
where drivers already spend their time and money, including grocery
stores, pharmacies and other retail locations.
Southern Company, which serves more than 4.3 million electric
power customers in Georgia,
Alabama and Mississippi, expects to use the product to
guide its plans to meet rising EV demand and to create new EV
product offerings for its customers. This commitment expands upon
Volta's existing collaboration with Southern Company's subsidiary,
Alabama Power, to support data-driven EV infrastructure planning in
its service territory.
"Data and AI influence every aspect of Volta's business — from
driver experience, to media strategy, to network development," said
Praveen Mandal, Chief Technology
Officer at Volta Charging. "We are excited to share our data-driven
insights and foresights with partners like Southern Company that
are as passionate about driving the EV market forward as we are.
These partnerships have the capacity to transform the decision
making that underpins our joint mission of creating a carbon-free
transportation future."
Using advanced AI and analytics, the PredictEV™ product
aggregates disparate data sets to turn them into actionable
insights for EV stakeholders. The proprietary, patented-pending
product analyzes local mobility, demographic, corporate, and
site-specific data at scale to identify key planning drivers such
as suitable vehicle charging locations, the right mix of charging
infrastructure (Level 2 v. DC Fast Charging), and expected EV
adoption in a particular geography. Volta's PredictEV™ product is
now available to a variety of EV stakeholders, including
corporations, state and local governments, Departments of
Transportation, electric power utilities, and other EV stakeholders
who are responding to the increase in EV adoption and working to
support transportation electrification within their
jurisdictions.
"Southern Company aims to be a leader in electric transportation
solutions because it is good for businesses, communities, and the
customers we serve," said Chris
Cummiskey, Executive Vice President, Chief Commercial
Officer and Customer Solutions Officer at Southern Company.
"Volta's PredictEV™ product allows us to inform and advise our
customers on the right EV charging options for their needs, and to
continue building the fueling network of the future for our
customers."
Prior to its official launch, Volta's PredictEV™ product has
already received recognition from the marketplace, including being
named a Finalist in the Energy category of Fast Company's 2021
World Changing Ideas Awards, as well as a Stevie Award winner.
In addition, Volta Charging previously announced its strategic
partnership with StreetLight Data, a leader in big data analytics
for mobility, to use their combined analytics for the intelligent
deployment of EV infrastructure by leveraging the PredictEV™
product.
For more information, visit www.voltacharging.com/predictev/
About Volta Charging
Volta Charging is an industry
leader in commerce-centric EV charging networks. Volta Charging's
vision is to build EV charging networks that capitalize on and
catalyze the shift from combustion-powered miles to electric miles
by placing stations where consumers live, work, shop and play. By
leveraging a data-driven understanding of driver behavior to
deliver EV charging solutions that fit seamlessly into drivers'
daily routines, Volta Charging's goal is to benefit consumers,
brands and real-estate locations while helping to build the
infrastructure of the future. As part of Volta Charging's unique EV
charging offering, its stations allow it to enhance its site hosts'
and strategic partners' core commercial interests, creating a new
means for them to benefit from the transformative shift to electric
mobility. To learn more, visit www.voltacharging.com.
In February 2021, Volta Charging
and Tortoise Acquisition Corp. II (NYSE: SNPR), a publicly traded
special purpose acquisition company with a strategic focus on
energy sustainability and decarbonizing
transportation, announced they entered into a business
combination agreement. Upon the closing of the transaction, which
remains subject to customary closing conditions, the combined
entity will be named Volta Inc. and remain on the New York Stock
Exchange under the new ticker symbol "VLTA".
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SOURCE Volta Inc.