Voltera to Merge with Revel
By Dean Seal
The private-equity backed Voltera and the Brooklyn-based Revel have reached a deal to merge, combining their respective EV-charging infrastructure networks.
The companies said Tuesday that the tie-up would create a platform aimed at building, owning and operating fast-charging networks built for autonomous vehicles, electric fleets and ride-hail deployment in urban markets.
The combined company will operate under the Voltera name and brand, and be led by Revel Chief Executive Frank Reig. Brett Hauser, the CEO of Voltera, will transition out of his role and serve as a senior commercial adviser.
Voltera is heavily backed by private-equity firm EQT, which will serve as the majority owner of the combined company. Revel's existing lead sponsor Global Infrastructure Partners, which is owned by BlackRock, will retain a minority stake in the combined company.
Financial terms of the deal were not disclosed. The companies didn't say when the deal is expected to close.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
May 26, 2026 11:09 ET (15:09 GMT)
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