Shell Buys Electric Vehicle Charging Company Volta

Oil major Shell continues to build it’s renewable energy portfolio with the purchase of electric vehicle charging company Volta fort ~$169M. VLTA was trading higher at $0.8899 +0.1628 (+22.3903%)pre-market on the news. Volta (VLTA) went public in August 2021 as part of its merger with special purpose acquisition company TortoiseCorp II and briefly traded over $15 in 2021 with the SPAC mania. Under the deal terms, Shell USA Inc. (SHEL) will acquire all outstanding common shares of Volta (VLTA) at … Continue reading “Shell Buys Electric Vehicle Charging Company Volta”