VOLTA NEWS
,
PRESS RELEASE

Volta's PredictEV® Receives Special Mention in TIME's Prestigious 2022 Best Inventions List

This is some text inside of a div block.

New York, NY (November 10, 2022) – Volta Inc. (NYSE: VLTA) (“Volta”), an industry-leading electric vehicle (“EV”) charging and media company, today announced its infrastructure planning platform, PredictEV®, received a special mention on TIME’s 2022 Best Inventions list

Volta's PredictEV is an advanced infrastructure planning solution that analyzes disparate data sources, including local mobility, demographic, commercial, and site-specific data, to provide high-resolution answers to key EV infrastructure questions around expected EV adoption, optimal charger locations, and the right mix of charging infrastructure. 

PredictEV was used by Alabama's Department of Economic and Community Affairs (ADECA) to develop its Electric Vehicle Infrastructure Plan, and its insights informed Volta's collaboration with the State of Michigan and DTE Energy. Electric utilities, including Southern Company, Southern California Edison, and Tucson Electric Power, also benefit from the tool’s predictive analytics. 

Volta’s latest PredictEV feature offers state and local governments the ability to precisely identify optimal charger locations and charging speeds in disadvantaged communities. This analytical capability aligns with the federal government's Justice40 goal, which seeks to ensure that 40 percent of the overall benefits of certain federal investments, including the $7.5 billion allocated to EV charging infrastructure under the Bipartisan Infrastructure Law (BIL), flow to disadvantaged communities. 

“An unprecedented amount of funding is flowing from the federal government to states and communities to directly facilitate EV charging infrastructure construction. The future health, safety, and economic security of all communities depends on these funds being spent wisely and equitably, and Volta’s PredictEV platform provides the data-driven planning insights needed to do so effectively,” said Brandt Hastings, Chief Commercial Officer at Volta. “We’re proud to see PredictEV recognized by TIME, and look forward to continuing to use this important tool to help commercial property owners, government agencies, cities, and electric utilities plan EV infrastructure intelligently, efficiently, and equitably to build a more sustainable future for all.” 

Each year, TIME recognizes products, software, and services that are solving compelling problems in creative ways. To assemble its 2022 list, TIME solicited nominations from its editors and correspondents around the world, as well as through an online application process. The magazine then evaluated each contender on key factors, including originality, creativity, efficacy, ambition, and impact.

About Volta

Volta Inc. (NYSE: VLTA) is an industry-leading electric vehicle ("EV") charging and media company. Volta's unique network of charging stations powers vehicles and drives business growth while accelerating a clean energy future. Volta delivers value to site partners, brands, and consumers by installing charging stations that feature large-format digital advertising screens located steps away from the entrances of popular commercial locations. Retailers can attract and influence foot traffic, advertisers can precisely target audiences, and EV drivers can charge their vehicles seamlessly as they go about their daily routines. Volta's extensive network leverages its proprietary PredictEV® platform, which uses sophisticated behavioral science and machine learning technology to help commercial property owners, cities, and electric utilities plan EV infrastructure intelligently, efficiently, and equitably. To learn more, visit www.voltacharging.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of federal securities laws. These forward-looking statements generally are identified by words such as “anticipate,” “believe,” “estimate,” “expect,”  “future,” “intend,” “may,” “opportunity,” “plan,” “potential,” “project,”  “should,” “strategy,” “will,” “would,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and our Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2022 and June 30, 2022, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at www.voltacharging.com. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

November 10, 2022
This is some text inside of a div block.
This is some text inside of a div block.