Volta Inc. Appoints Yifan Tang as Chief Know-how Officer

Volta Inc. Appoints Yifan Tang as Chief Know-how Officer

Visionary Innovator and EV Engineer to Advance Volta’s Know-how Management and World Charging Capabilities

SAN FRANCISCO, June 27, 2022–(BUSINESS WIRE)–Volta Inc. (NYSE: VLTA) an industry-leading electrical automobile (“EV”) charging community powering autos and commerce, immediately introduced that its Board of Administrators has appointed Yifan Tang, an modern engineering government who has helped lead the event and commercialization of EV applied sciences, as Chief Know-how Officer. Tang will report on to Vince Cubbage, Interim Chief Government Officer.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/residence/20220627005230/en/

Volta Inc. Appoints Yifan Tang as Chief Know-how Officer

Volta Inc. Appoints Yifan Tang as Chief Know-how Officer

Tang is widely known as an {industry} chief and product pioneer within the rising EV area. He has led the profitable development of quite a few merchandise, together with electrical autos, electrical powertrains and autopilot farming autos. Most lately, he served as Chief Know-how Officer and board member at SERES EV, a next-generation clever, autonomous EV firm. He’s additionally the co-founder of TeraWatt Know-how, an organization growing and manufacturing ultra-high power density batteries. Beforehand, he served as President of SF Motors Japan and held varied positions at Meta (previously Fb), Lucid Motors and Tesla Motors. Tang has a PhD in Electrical Engineering from The Ohio State College, a grasp’s diploma in Electrical Engineering from Tsinghua College and a BE in Electrical Engineering from Fuzhou College.

Tang can be widely known as a thought chief and visionary innovator within the EV area. He’s an inventor or co-inventor of 99 granted US patents, along with quite a few pending patents and worldwide patents, and has authored quite a few technical {industry} papers. Whereas at Tesla Motors, he was liable for the design and integration of industry-leading electrical motors and helped to invent and develop twin motor all-wheel drive know-how. His areas of technical experience embody energy electronics, electrical energy techniques, electrical autos, battery know-how, synthetic intelligence, and management techniques.

“Yifan’s spectacular credentials, deep {industry} information and technological acumen will additional strengthen Volta’s management place and skill to win within the EV market,” stated Vince Cubbage, Interim Chief Government Officer. “Yifan brings distinctive experience and a file of innovation that can assist us obtain our speedy targets of accelerating our technological capabilities and increasing our attain to remain on the forefront of the {industry}. I couldn’t be extra thrilled to welcome him to the most recent technology of Volta management.”

“I’ve lengthy admired Volta’s main place within the electrical mobility area, and I’m honored to affix the crew at this pivotal second within the Firm’s development story,” Tang stated. “I’ve devoted a lot of my profession to pushing the boundaries of electrical transportation, and I’ve been constantly impressed by Volta’s product management and modern enterprise mannequin. I see huge potential for the Volta crew to construct on its present technological infrastructure capabilities to develop into the {industry} customary for EV charging.”

About Volta

Volta Inc. (NYSE: VLTA) is an {industry} chief in commerce-centric EV charging networks. Volta Charging’s imaginative and prescient is to construct EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electrical miles by putting stations the place shoppers stay, work, store and play. By leveraging a data-driven understanding of driver conduct to ship EV charging options that match seamlessly into drivers’ day by day routines, Volta Charging’s purpose is to learn shoppers, manufacturers and real-estate places whereas serving to to construct the infrastructure of the longer term. As a part of Volta Charging’s distinctive EV charging providing, its stations enable it to boost its web site hosts’ and strategic companions’ core business pursuits, creating a brand new means for them to learn from the transformative shift to electrical mobility. To study extra, go to www.voltacharging.com.

Ahead-Trying Statements

This press launch consists of forward-looking statements, that are topic to the “secure harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These statements could also be recognized by phrases similar to “really feel,” “believes,” expects,” “estimates,” “initiatives,” “intends,” “ought to,” “is to be,” or the destructive of such phrases, or different comparable terminology and embody, amongst different issues, statements concerning Volta’s technique and different future occasions that contain dangers and uncertainties. Such forward-looking statements usually are not ensures of future efficiency and are topic to dangers and uncertainties, which may trigger precise outcomes to vary materially from the forward-looking statements contained herein as a result of many components, together with, however not restricted to: intense competitors confronted by Volta within the EV charging market and in its content material actions; the chance that Volta isn’t in a position to construct on and develop sturdy relationships with actual property and retail companions to construct out its charging community and content material companions to broaden its content material gross sales actions; market circumstances, together with seasonality, which will impression the demand for EVs and EV charging stations or content material on Volta’s digital shows; dangers, value overruns and delays related to development and set up of Volta’s charging stations; dangers related to any future growth by Volta into further worldwide markets; value will increase, delays or new or elevated taxation or different restrictions on the supply or value of electrical energy; speedy technological change within the EV {industry} could require Volta to proceed to develop new merchandise and product improvements, which it might not be capable to do efficiently or with out important value; the danger that Volta’s shift to together with a pay-for-use charging enterprise mannequin and the requirement of cell check-ins adversely impacts Volta’s capability to retain driver curiosity, content material companions and web site hosts; the power of Volta’s new administration crew to efficiently combine into Volta and execute on Volta’s enterprise technique; the EV market could not proceed to develop as anticipated; and the power to guard its mental property rights; and people danger components mentioned in Volta’s Annual Report on Kind 10-Ok for the 12 months ended December 31, 2021, Volta’s Kind 10-Q for the quarter ended March 31, 2022, filed with the Securities and Change Fee (the “SEC”) on Could 13, 2022, and different Quarterly Reviews on Kind 10-Q, and different experiences and paperwork Volta recordsdata every so often with the SEC. Any forward-looking statements communicate solely as of the date on which they’re made, and Volta undertakes no obligation to replace any forward-looking assertion to mirror occasions or circumstances after the date of this press launch.

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Media / Press:
Lucas Piazza
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Investor / Analyst:
Katherine Bailon
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