Voltera and Revel merge to create multi-city fleet charging network

Backed by EQT and BlackRock, the merged EV charging footprint spans 11 major metro areas to scale infrastructure for commercial fleets and autonomous vehicles.
May 29, 2026
2 min read
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Key takeaways

  • Voltera and Revel merge to scale EV charging infrastructure across major U.S. metro markets for fleet use.
  • The combined network targets over 1,000 charging stalls supporting fleets, AVs, and ride-hail operations.
  • EV charging sector consolidation signals growing investor focus on scalable fleet energy and urban mobility networks.
Voltera
Voltera truck charging station

Two electric-vehicle charging companies backed by big private-equity names are joining forces with an eye to serving electric fleets in many of the largest U.S. cities.

The leaders of Voltera and Revel said May 26 that their plan to merge will create a company with a footprint in 11 large metro areas, including San Francisco, Dallas, Houston, Phoenix, and Miami. It will have a network of more than 1,000 charging stalls, either already up and running or being built. The joint organization will operate under the Voltera brand and also focus on serving autonomous vehicles and ride-hail drivers.

“Voltera and Revel have both spent years working to build charging infrastructure that works for the operators deploying fleets at scale in dense cities around the country,” said Frank Reig, Voltera’s incoming CEO, who’ll take over from Brett Hauser. “Bringing these teams together is the natural next step to deliver greater scale and stronger solutions in the key markets.”

Voltera officially launched in 2022 after being incubated within data-center developer EdgeConneX and has been backed by global infrastructure investment firm EQT, which will be the combined company’s majority owner. Revel was founded in 2018 and has been funded by an investment group led by Global Infrastructure Partners, a firm that BlackRock paid more than $12 billion for in 2024. BlackRock will retain a stake in the combined Voltera.

In their announcement, Voltera and Revel leaders said their growth plans will prioritize sites compatible with fleet and AV operations in “a focused set of high-value urban markets.” They also said they’ll look into business lines adjacent to charging, such as battery storage and integrated fleet services.

Investors in some publicly traded EV charging ventures took the Voltera-Revel as a sign that the market is preparing to consolidate further. In the two days following the announcement, shares of ChargePoint and EVgo rose 11% and 10%, respectively. Those of rival Blink, however, moved up only 1% across those two sessions.

About the Author

Geert De Lombaerde
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Geert De Lombaerde

Senior Editor

A native of Belgium, Geert De Lombaerde has more than two decades of experience in business journalism. Since 2021, he has written about markets and economic trends for Endeavor Business Media publications FleetOwner, Healthcare Innovation, IndustryWeek, Oil & Gas Journal, and T&D World. 

With a degree in journalism from the University of Missouri, he began his reporting career at the Business Courier in Cincinnati. He later was managing editor and editor of the Nashville Business Journal. Most recently, he oversaw the online and print products of the Nashville Post and reported primarily on Middle Tennessee’s finance sector and many of its publicly traded companies.

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