Volta SPAC Presentation Deck
Transaction Summary
▸ Founded in 2010, Volta has been building one of the most used electric vehicle (EV) charging
stations in the United States¹
SUMMARY OF TRANSACTION
▸ Volta's award-winning charging stations benefit brands, consumers and real-estate locations by
providing valuable advertising space to businesses and EV charging to drivers
▸ Tortoise Acquisition Corp. II (Tortoise II) (NYSE: SNPR) is a publicly listed special purpose acquisition
company (SPAC) with ~$345M of cash held in trust
▸ Tortoise II anticipates entering into a business combination agreement with Volta in Q1 2021
Volta shareholders are rolling 100% of their equity
Transaction proceeds are being retained in the business
▸ Pro Forma for the transaction (assuming no redemptions)
volta
▸ Pro Forma enterprise value of $1.4Bn
volta
Volta will have an additional ~$600M of proceeds net of transaction fees to fully fund
business model through cash flow positive
Near-term EBITDA relative to public charging peers
Represents attractive entry point relative to recently announced public SPAC transactions
SCOTT MERCER
Founder + CEO + Chair
Tortoise
Acquisition Corp.ll
CHRIS WENDEL
Co-Founder President + Director
DREW LIPSHER
CSO
Issuer
6
Ticker/Listing
Securities
Offering Size
Use of Proceeds
LEADERSHIP
SUMMARY OF PIPE OFFERING
Expected Closing Date
VINCE CUBBAGE
CEO + President + Chair
Tortoise Acquisition Corp. II
(name to be changed to Volta Inc. at closing)
NYSE: SNPR
(to become NYSE: VLTA at closing)
Unregistered Class A Common Stock
(customary registration rights)
$300M
Develop the existing backlog of Volta charging station location
demand and accelerate further growth within the company
~Q2 2021
STEPHEN PANG
CFO + Director
T Tortoise
Acquisition Corp.Il
1: Company data and publicly available information.View entire presentation