Private company

Volta Inc.

American miscellaneous transportation equipment company. Summary from the record

Last updated Oct 19, 2026.

Overview

$54.6MRevenue, fiscal 2022²

-$154.6MNet income, fiscal 2022²

IndustryMiscellaneous Transportation Equipment¹
HeadquartersSan Francisco, California¹
Incorporated inDE³
Business address155 De Haro Street, San Francisco, Ca 94103³
Filer category, Emerging growth company³

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-315.2%Operating margin²

-283.2%Net margin²

69.0%Revenue growth, 2022²

-102.2%Return on equity²

0.00×Debt to equity²

-$214.5MFree cash flow²

Where the money goes

Where each dollar of revenue went, fiscal 2022

Selling, general and admin

Research and development1¢$900.0K
Selling, general and admin99¢$165.3M
Income tax0¢$2.0K

Out of $54.6M in revenue.² The company lost money this year.

Financial statements

Revenue⁴²$54.6M in 2022+181% since 2020

Operating income⁴²-$172.1M in 2022+236% since 2020

Net income⁴²-$154.6M in 2022+119% since 2020

Fiscal year	2020	2021	2022
Revenue	$19.5M⁴	$32.3M²	$54.6M²
Research and development	$400.0K⁴	$1.2M²	$900.0K²
Selling, general and admin	$44.1M⁴	$262.6M²	$165.3M²
Operating expenses		$300.5M²	$226.7M²
Operating income	-$51.3M⁴	-$268.2M²	-$172.1M²
Income before tax		-$276.6M²	-$154.6M²
Income tax	$9.0K⁴	$39.0K²	$2.0K²
Net income	-$70.6M⁴	-$276.6M²	-$154.6M²
Shares (weighted, diluted)		8.4M shares⁴

Total assets⁴²$341.3M in 2022+88% since 2020

Total liabilities⁴²$190.0M in 2022+38% since 2020

Shareholders’ equity⁴²$151.3M in 2022

Cash⁴²$2.6M in 2022−75% since 2019

Long-term debt⁴²$0 in 2022

Fiscal year	2019	2020	2021	2022
Cash	$10.8M⁴	$58.8M⁴	$262.3M²	$2.6M²
Receivables			$12.6M²	$16.7M²
Inventory			$2.7M²	$2.1M²
Current assets		$81.7M⁴	$298.6M²	$38.3M²
Property, plant and equipment			$97.7M²	$207.3M²
Goodwill			$221.0K²	$221.0K²
Intangible assets			$643.0K²	$1.2M²
Total assets		$181.8M⁴	$473.9M²	$341.3M²
Accounts payable			$18.5M²	$47.0M²
Short-term debt			$16.0M²	$12.5M²
Current liabilities		$52.9M⁴	$96.1M²	$102.4M²
Long-term debt		$41.0M⁴	$24.0M²	$0²
Total liabilities		$138.1M⁴	$191.8M²	$190.0M²
Retained earnings			-$428.7M²	-$583.4M²
Shareholders’ equity	-$76.0M⁴	-$138.9M²	$282.1M²	$151.3M²
Shares outstanding		24.7M shares⁴	162.1M shares²	174.2M shares²

Cash from operations⁴²-$117.2M in 2022+105% since 2020

Capital spending⁴²$97.4M in 2022+476% since 2020

Free cash flow⁴²-$214.5M in 2022+189% since 2020

Fiscal year	2020	2021	2022
Cash from operations	-$57.3M⁴	-$94.9M²	-$117.2M²
Depreciation and amortization		$11.2M²	$19.3M²
Stock-based compensation		$174.0M²	$30.0M²
Capital spending	$16.9M⁴	$54.8M²	$97.4M²
Free cash flow	-$74.2M	-$149.7M	-$214.5M
Cash from investing		-$55.6M²	-$102.9M²
Share buybacks		$242.2M²
Cash from financing		$353.8M²	-$39.8M²

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Leadership

Who has led Volta Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

Vincent T. Cubbage2020–2023

President

Chief financial officer

2025

Chief executive officerVincent T. Cubbage Sep 10, 2020 to Mar 31, 2023⁸
PresidentChristopher Wendel Aug 30, 2021 to Feb 23, 2022⁹
PresidentVincent T. Cubbage Sep 10, 2020 to Sep 10, 2020⁸
Chief financial officerFrancois P. Chadwick Aug 30, 2021 to May 26, 2022¹⁰
Chief financial officerStephen S. Pang Sep 10, 2020 to Sep 10, 2020¹¹

Board members and other officers (22)

Chief Technology OfficerYifan Tang Jul 21, 2022 to Jul 21, 2022¹²
Chief Strategy OfficerAndrew B. Lipsher Aug 30, 2021 to Dec 6, 2021¹³
Chief Revenue OfficerBrandt Hastings Aug 30, 2021 to Mar 31, 2023¹⁴
GC, Chief Administrative OffcrJames S. Degraw Aug 30, 2021 to Feb 23, 2022¹⁵
Chief People OfficerJulie McKie Rogers Aug 30, 2021 to Dec 6, 2021¹⁶
Chief Marketing OfficerNadya Kohl Aug 30, 2021 to Dec 6, 2021¹⁷
Chief Technology OfficerPraveen Mandal Aug 30, 2021 to Dec 6, 2021¹⁸
Vice PresidentDarrell Brock Jr. Sep 10, 2020 to Sep 10, 2020¹⁹
Vice PresidentEvan J. Zimmer Sep 10, 2020 to Feb 4, 2021²⁰
VP, Gen. Counsel and SecretarySteven C. Schnitzer Sep 10, 2020 to Sep 10, 2020²¹
Board memberBonita C. Stewart Aug 30, 2021 to Mar 31, 2023²²
Board memberChristopher Wendel Aug 30, 2021 to Feb 23, 2022⁹
Board memberEli Aheto Aug 30, 2021 to Mar 31, 2023²³
Board memberJohn J. Tough Aug 30, 2021 to Mar 31, 2023²⁴
Board memberKatherine J. Savitt Aug 30, 2021 to Mar 31, 2023²⁵
Board memberMartin Lauber Aug 30, 2021 to Mar 31, 2023²⁶
Board memberJuan José Daboub Sep 10, 2020 to Aug 30, 2021²⁷
Board memberKarin M. Leidel Sep 10, 2020 to Aug 30, 2021²⁸
Board memberSidney L. Tassin Sep 10, 2020 to Aug 30, 2021²⁹
Board memberStephen S. Pang Sep 10, 2020 to Sep 10, 2020¹¹
Board memberVincent T. Cubbage Sep 10, 2020 to Mar 31, 2023⁸
General counselMichelle Kley Jul 21, 2022 to Mar 31, 2023³⁰

Former names

Tortoise Acquisition Corp. IIJul 31, 2020 to Aug 27, 2021³

Timeline

Sep 10, 2020New chief executive Vincent T. Cubbage becomes CEO⁸

Filings

172 filings to the SEC since October 2021: 3 annual reports, 6 quarterly reports, 36 major events, 60 insider forms, 13 large holders, 54 other. The latest 20:

Apr 11, 202315-12G EDGAR
Apr 4, 2023EFFECT EDGAR
Apr 3, 2023EFFECT EDGAR
Mar 31, 202310-K EDGAR
Mar 31, 2023S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
Mar 31, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 EDGAR
Mar 31, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 EDGAR
Mar 31, 20238-K CURRENT REPORT EDGAR
Mar 31, 20234 EDGAR
Mar 31, 20234 EDGAR
Mar 31, 20234 EDGAR
Mar 31, 20234 EDGAR
Mar 31, 20234 EDGAR
Mar 31, 20234 EDGAR
Mar 31, 20234 EDGAR
Mar 31, 20234 EDGAR
Mar 31, 20234 EDGAR
Mar 22, 20238-K CURRENT REPORT EDGAR
Mar 16, 2023DEFA14A EDGAR
Mar 13, 20238-K CURRENT REPORT EDGAR

The 172 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

John J. ToughSC 13D/A, 2 filings Oct 20, 2021 to Feb 24, 2023³¹
Scott MercerSC 13D/A, 3 filings Apr 19, 2022 to Feb 6, 2023³²
Christopher WendelSC 13D/A, 2 filings Apr 19, 2022 to Nov 15, 2022³³
Virgo Hermes, LLCSC 13D/A, 2 filings Apr 12, 2022 to Apr 22, 2022³⁴
Beryl Capital Management LLCSC 13G/A, 1 filing Feb 11, 2022³⁵
INTEGRATED CORE STRATEGIES (US) LLCSC 13G/A, 1 filing Feb 9, 2022³⁶
TortoiseEcofin Borrower LLCSC 13G/A, 1 filing Jan 31, 2022³⁷
Virgo Investment Group, LLCSC 13G, 1 filing Dec 8, 2021³⁸

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARVolta Inc. filings on SEC EDGAR
2
SEC EDGARVolta Inc. 10-K for fiscal 2022
3
SEC EDGARVolta Inc. filings on SEC EDGAR
4
SEC EDGARVolta Inc. 10-K for fiscal 2020
5
SEC EDGARVolta Inc. 10-Q for fiscal 2022
6
SEC EDGARVolta Inc. 10-Q for fiscal 2022
7
SEC EDGARVolta Inc. 10-Q for fiscal 2022
8
SEC EDGARVincent T. Cubbage, Chief executive officer
9
SEC EDGARChristopher Wendel, President
10
SEC EDGARFrancois P. Chadwick, Chief financial officer
11
SEC EDGARStephen S. Pang, Chief financial officer
12
SEC EDGARYifan Tang, Chief Technology Officer
13
SEC EDGARAndrew B. Lipsher, Chief Strategy Officer
14
SEC EDGARBrandt Hastings, Chief Revenue Officer
15
SEC EDGARJames S. Degraw, GC, Chief Administrative Offcr
16
SEC EDGARJulie McKie Rogers, Chief People Officer
17
SEC EDGARNadya Kohl, Chief Marketing Officer
18
SEC EDGARPraveen Mandal, Chief Technology Officer
19
SEC EDGARDarrell Brock Jr., Vice President
20
SEC EDGAREvan J. Zimmer, Vice President
21
SEC EDGARSteven C. Schnitzer, VP, Gen. Counsel and Secretary
22
SEC EDGARBonita C. Stewart, Board member
23
SEC EDGAREli Aheto, Board member
24
SEC EDGARJohn J. Tough, Board member
25
SEC EDGARKatherine J. Savitt, Board member
26
SEC EDGARMartin Lauber, Board member
27
SEC EDGARJuan José Daboub, Board member
28
SEC EDGARKarin M. Leidel, Board member
29
SEC EDGARSidney L. Tassin, Board member
30
SEC EDGARMichelle Kley, General counsel
31
SEC EDGARJohn J. Tough SC 13D/A on Volta Inc.
32
SEC EDGARScott Mercer SC 13D/A on Volta Inc.
33
SEC EDGARChristopher Wendel SC 13D/A on Volta Inc.
34
SEC EDGARVirgo Hermes, LLC SC 13D/A on Volta Inc.
35
SEC EDGARBeryl Capital Management LLC SC 13G/A on Volta Inc.
36
SEC EDGARINTEGRATED CORE STRATEGIES (US) LLC SC 13G/A on Volta Inc.
37
SEC EDGARTortoiseEcofin Borrower LLC SC 13G/A on Volta Inc.
38
SEC EDGARVirgo Investment Group, LLC SC 13G on Volta Inc.