EPIC Ventures, in partnership with Blue Startups, announced today a seed capital investment in Volta Industries, a Honolulu-based provider of free-to-use, advertising-supported electronic vehicle (EV) charging stations. Financial terms of the investment were not disclosed; Volta has raised $1.875 million in funding to date. EPIC joins existing Volta investors Blue Startups, 500 Startups and Ulupono Initiative, the Hawaii-based social investment firm of eBay founder Pierre Omidyar.
Volta will use the investment to launch a station-finder mobile app and accelerate expansion of its EV charging network throughout North America. With a fast-growing presence in California and Arizona, nearly half of Volta’s approximately 50 EV charging units are located outside of the Hawaiian Islands, and that number is expected to increase dramatically in 2014.