Supporting EV charging business with DOOH ads did not prove to be profitable: Shell buys Volta for pennies on the dollar (Canary Media)
Volta went public via SPAC at a $2B valuation in 2021 but bled cash and sold to Shell for just $169 million. Building EV charging networks is a costly business. At present, there aren’t enough EVs on the road to use public EV chargers often enough to pay back the costs of deploying them. […]
Thu, Jan 19, 2023 at 6:26 PM