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Benzinga
Benzinga
Business
Shivani Kumaresan

Volta Launches PredictEV Fleet For EV Infrastructure Expansion

Volta (Organization) VLTA Volta Inc
  • Volta Inc (NYSE:VLTA) has launched PredictEV fleet, a machine learning and artificial intelligence (AI) solution for infrastructure planning.
  • Using advanced AI and analytics, PredictEV Fleet analyzes data on existing vehicle fleets and premises, providing customers with insights to build fleet electrification plans.
  • The product establishes data-sharing relationships between fleets and utilities to inform the grid strategies required to support the increased demand for electricity.
  • Volta has also signed a multi-year agreement with Southern Co (NYSE:SO) to create efficient fleet electrification strategies.
  • Price Action: VLTA shares are trading lower by 0.33% at $2.98 on the last check Monday.
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