VOLTA Co., Ltd. announced that it will receive ¥400,000,000 in a round of funding on May 14, 2021. The transaction will include participation from returning investor Envipro Holdings Inc. (TSE:5698), which will retain its 100% stake in the company. Pursuant to the transaction capital and capital reserve will increase from ¥200,000,000 to ¥400,000,000 each respectively. The company will issue shares using third party allotment method. The transaction has been approved by the board of directors of the investor. The transaction is expected to close on May 21, 2021.