With about $7.4 million reported in revenue for the Behavior & Commerce category, it totaled around 87% of revenue. The core part of this revenue growth was attributable to strong growth within Behavior & Commerce. In its Q3 2021 earnings report, Volta reported revenue that grew 77% year-over-year to $8.5 million, compared to $4.8 million in the prior-year period. The second pillar is Charging Operations, with multiple revenue streams such as pay per use, idle fees, managed services.īehavior & Commerce is the third pillar providing network monetization that is independent of EV adoption or advertising revenue. It is based on high-traffic/high-visibility, premium partner locations with revenue generated from public and private network investment opportunities, rebates, and tax credits. The first pillar in Volta's business model is Network Development.
After all, the Volta business model relies on three pillars, Network Development, Charging Operations, and Behavior & Commerce. Volta has been very active in strengthening its list of partners to fuel its present and future growth. Other notable news includes the partnership with Cinemark Theatres to provide EV charging to moviegoers, a partnership with Topgolf Entertainment Group to add EV charging stations to additional venues in the U.S., and a partnership with Six Flags Entertainment Corporation to provide EV charging to its guests at their parks across the U.S. In November 2021, Volta announced the launch of its Volta Media™ Network, connecting advertisers with consumers focusing on brands advertising, delivering measurable business results, and supporting an environmental impact as "to date, Volta has offset 44 million pounds of CO2 and delivered 100 million electric miles." (See Analysts' Top Stocks on TipRanks) Volta Key Business Highlights It is not only an unprofitable company, but I also consider it to be richly valued now in a very competitive market. There are several catalysts now that can support Volta's business operations and expand its network of EV chargers. Volta went public in late August 2021 after successfully completing a SPAC transaction with Tortoise Acquisition Corporation II. Volta runs a differentiated business model in the EV charging network niche by combining its EV charge points with on-site video advertising to monetize them. Volta ( VLTA) is a San Francisco-based developer of electric vehicle (EV) charging stations. Institutional Distribution Intelligence.Non-Traditional Exchanges & New Markets.Directors’ and Officers’ Questionnaires.
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