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

The funding upsizes a US$100 million debt facility provided to Voltera by ING and Investec.

The entire US$150 million facility supports Voltera‘s capital expenditure deployment on assets, backstopped by customer contracts, a first of its kind for the electric vehicle (EV) charging industry.

Backed by an equity capital commitment from global investment firm EQT, Voltera was formed in 2022 as a spin-out from data centre provider EdgeConneX, securing land and power which are strategically important aspects of building EV charging infrastructure.

"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 centre projects.”

“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.”

Voltera develops, owns, and operates strategically located charging facilities to enable EV deployment and operation at scale. The company recently announced two new EV charging sites tailored to the needs of Class 8 trucks, bringing the company’s total number of sites to 22.