Volta: Struggles Persist
- Volta recently reported another quarter with large losses.
- The EV charging station company has an intriguing business concept, but the digital ad market isn't delivering the necessary revenues.
- The company faces a cash crunch while having an interim CEO and needing to hire a CFO.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
While EV charging continues to garner more interest and government funding, Volta () still doesn't have a workable business plan for the short term. The company has lost most key executives despite what previously amounted to a promising business investment thesis