Volta Industries, Inc. has entered into a definitive agreement for a business combination with Tortoise Acquisition Corp. II announced the launch of its PredictEV™ product, a machine learning and artificial intelligence ("AI") solution for infrastructure planning, with a multi-year commitment from Southern Company, the second largest utility company in the United States. The PredictEV™ product was created to support Volta Charging's commerce-centric, electric vehicle charging network and is now available to corporate, public agency, government, consulting and utility organizations, like Southern Company, planning to meet the coming demand for EV charging infrastructure development.

Using advanced AI and analytics, the PredictEV™ product aggregates disparate data sets to turn them into actionable insights for EV stakeholders. The proprietary, patented-pending product analyzes local mobility, demographic, corporate, and site-specific data at scale to identify key planning drivers such as suitable vehicle charging locations, the right mix of charging infrastructure (Level 2 v. DC Fast Charging), and expected EV adoption in a particular geography. Volta's PredictEV™ product is now available to a variety of EV stakeholders, including corporations, state and local governments, Departments of Transportation, electric power utilities, and other EV stakeholders who are responding to the increase in EV adoption and working to support transportation electrification within their jurisdictions.