EQT-backed Voltera and Revel Merge to Form Leading Urban EV Charging Platform

EQT-backed Voltera and Revel have entered into a definitive agreement to combine their businesses, establishing a scaled infrastructure platform dedicated to fast-charging networks tailored for autonomous vehicles, electric fleets, and ride-hail deployment in major urban centers. The merged entity will operate under the Voltera name and brand, with Revel CEO Frank Reig appointed as the new CEO.

The combined platform will encompass more than 1,000 charging stalls either operational or under development across 11 key U.S. metropolitan markets. This positions the company as one of the largest dedicated providers of charging infrastructure serving fleet and autonomous vehicle customers nationwide.

Voltera specializes in developing and operating high-throughput infrastructure hubs that integrate charging, servicing, staging, and operational support to maximize fleet uptime and accelerate deployment. Revel, founded in 2018 and based in Brooklyn, New York, is a leading provider of public fast charging in New York City and has a strong footprint in urban EV infrastructure.

Frank Reig, incoming CEO of Voltera, highlights the strategic fit: “Voltera and Revel have both spent years building charging infrastructure that works for operators deploying fleets at scale in dense cities. Bringing these teams together is the natural next step to deliver greater scale and stronger solutions in the key markets where fleet and autonomous vehicle customers need reliable infrastructure the most.” Brett Hauser, outgoing Voltera CEO, will transition to a senior commercial advisory role to support the integration and ongoing development.

The transaction is backed by EQT as the majority owner, with Global Infrastructure Partners, Revel’s existing lead sponsor and part of BlackRock, retaining a minority stake. The combined company will pursue a capital-efficient growth strategy, focusing investments on high-value urban markets compatible with fleet and autonomous vehicle operations.

Strategically, the merger leverages Voltera’s development platform and customer relationships alongside Revel’s established urban footprint and operational expertise. This integration aims to accelerate network expansion, improve operational efficiencies, and enhance service offerings tailored to fleet and autonomous vehicle operators.

Market trends indicate rapid growth in electric and autonomous mobility, with urban electrification requiring significant capital investment in charging infrastructure. The combined platform’s scale and focus position it to lead this sector’s next phase, strengthening its competitive stance against other EV charging providers.

Financial terms of the deal were not disclosed. The companies plan to continue advancing existing projects while refining a unified development pipeline and capital strategy. Future opportunities include expanding into adjacent areas such as EV fleet charging for non-autonomous operators, battery storage, energy management solutions, and integrated fleet services.

Integration challenges include aligning organizational cultures, technology platforms, and coordinating development timelines across multiple urban markets. However, the combined entity’s leadership expresses confidence in navigating these complexities to deliver a robust, customer-centric charging network.

Looking ahead, the merged Voltera aims to support the rapid adoption of electric and autonomous fleets by providing reliable, high-performance charging infrastructure in dense urban environments, contributing to the broader transition toward zero-emission urban mobility.