KfW IPEX-Bank provides financing for Voltera to expand EV charging infrastructure in the US

KfW IPEX-Bank is providing USD 50 million for Voltera, a leading developer, owner, and operator of charging infrastructure for zero-emission vehicle (ZEV) fleets in the US.

With this financing, KfW IPEX-Bank is upsizing a previously announced USD 100 million debt facility that was provided to Voltera by ING and Investec ¹. The entire USD 150 million facility supports Voltera capital expenditure deployment on assets, backstopped by customer contracts, a first-of-its-kind for the electric vehicle (EV) charging industry.

“We consider EV charging infrastructure a key component for decarbonizing the mobility sector and are therefore glad to have won Voltera as our first customer in this segment in the US,” says Andreas Ufer, member of the Management Board of KfW IPEX-Bank. “What is more, with this financing we continue our long-standing relationship with our valued clients EQT and EdgeConneX, who we already supported with their data center projects.”

Backed by a significant equity capital commitment from global investment firm EQT, Voltera began in 2022 as a spinout from data center leader EdgeConneX – benefitting from EdgeConnex’ core competencies: securing land and power, which are strategically important aspects of building EV charging infrastructure.

“Voltera shoulders the upfront cost of building large capacity EV charging sites so that customers can deploy EVs at scale easily and efficiently,” explains Tyler Sentman, Senior Director, Strategic Finance at Voltera. “The financing by KfW IPEX-Bank adds to our overall financial resources and further enables us to expand and serve a growing number of customers.”

In additional recent news from Voltera, the company announced two new EV charging sites tailored to the needs of Class 8 trucks, bringing the company’s total number of sites to 22. These sites serve drayage fleet operators near the Port of Long Beach and Port of Sacramento, which support a range of clients operating EVs in trucking, bus transit, delivery and logistics, utility, construction, and rideshare/autonomous passenger car applications. With many sites still in development, Voltera works with fleets to customize site functionality and make charging capacity available.

About Voltera
Voltera develops, owns, and operates strategically located, fit-for-purpose charging facilities to enable EV deployment and operation at scale. With equity backing from EQT and plans to invest billions in capital, alongside a team with deep experience deploying charging assets, proven critical infrastructure expertise, and key strategic partners, Voltera is uniquely positioned to help solve the EV infrastructure challenge and scale zero-emission transportation. For more information, visit www.volterapower.com.

¹ Further information on the debt facility