Key Factors Affecting Operational Results

Adoption of EVs and Related Technology

Relationships with Real Estate and Retail Partners

Installation and Construction Cost Drivers

The following table summarizes the components of operating revenue:

The following table summarizes the major categories of operating revenue:

During the three and six months ended June 30, 2022, network intelligence revenue remained relatively consistent compared to the three and six months ended June 30, 2021, respectively.

The following table summarizes cost of revenues by services and products:

Service costs (exclusive of depreciation and amortization shown $ 9,821 $ 5,131 below)

Service costs (exclusive of depreciation and amortization shown below)

Product costs (exclusive of depreciation and amortization shown below)

The following table summarizes other operating expenses, outside of cost of revenues:

The following table summarizes items of other (income) expense:

Change in Fair Value of Warrant Liabilities

Financial Condition, Liquidity, and Capital Resources

In June 2019, the Company entered into a Term Loan, Guarantee and Security Agreement (as amended, the "Loan Agreement") with EICF Agent, LLC, as agent, certain subsidiaries of the Company, as guarantors and co-borrowers,

Volta's Term Loan Facility information is as follows:

(a) This table presents the financing obligations on a discounted basis.

The following table summarizes Volta's cash flows:

Contractual commitments as of June 30, 2022 are as follows(a):

(a) This table presents amounts on an undiscounted basis.

Critical Accounting Policies and Estimates

As of the unaudited condensed consolidated balance sheet dates of June 30, 2022 and December 31, 2021, Volta has not engaged in any off-balance sheet arrangements, as defined in the rules and regulations of the SEC.

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