Volta Partnership With Cinemark Theatres to Provides Electric Vehicle Charging to Moviegoers

Stations Allow Audiences to Charge While Visiting the Theatre

(November 17, 2021) – Volta Inc. (“Volta”), an industry leader in commerce-centric electric vehicle (“EV”) charging networks, announced the expansion of its partnership with Cinemark Theatres (“Cinemark”) to provide EV charging at select Cinemark movie theatre locations across the U.S. Cinemark moviegoers have had the opportunity to charge at Volta stations since 2018, when Cinemark installed its first EV charging location.

“Cinemark is greatly looking forward to continuing to serve our communities through our partnership with Volta,” said Art Justice, Cinemark Vice President of Energy and Sustainability. “We already have installed approximately 100 stations across our domestic circuit, and, by increasing our electric vehicle charging capacity, can be more than just an entertainment destination for our guests. We are eager to continue growing our relationship with Volta to allow more moviegoers the chance to charge their vehicles while enjoying the immersive, cinematic experience.”

As movie lovers seek out the entertaining escape of watching a great movie on the big screen, the addition of EV charging stations provides a sustainable amenity that seamlessly integrates into a driver’s everyday life. With an average on-site charging time of 105 minutes, drivers enjoy charge time that is well matched to the length of their moviegoing experience. Volta has already installed almost 100 charging stations at Cinemark locations and customer satisfaction has been positive. Since establishing the partnership, Volta’s EV charging stations have powered nearly 1.2 million electric miles for Cinemark customers. More than 27,000 gallons of gasoline have been saved, as well as approximately 53,500 pounds of CO2.

Cinemark has also taken advantage of the Volta charging stations’ digital screens to showcase theatre updates, upcoming films, concessions, and onsite events.

“Volta’s partnership with Cinemark is a sign of significant progress towards our mission to meet EV drivers at the places they love to go,” said Scott Mercer, Founder and CEO of Volta. “This is an opportunity to provide a meaningful charging experience to EV drivers at locations where they already plan to spend a substantial amount of time, which ultimately translates to customers understanding that charging infrastructure can be a convenient, accessible and reliable service that is part of everyday life.”

Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta builds and operates a nationwide EV charging network that is among the best utilization per station in the EV charging industry for the United States. Centered around capturing new spending habits expected to result from the shift to electric vehicles, Volta seeks to transform the fueling industry by building open-network charging stations in locations where drivers already spend their time and money, including grocery stores, pharmacies and other retail and entertainment locations.

Data collected to determine environmental benefits from consumer use of Volta’s charging stations were tabulated in accordance with US Environmental Protection Agency’s (EPA) methodology using the EPA’s published greenhouse gas equivalencies calculator. Miles per kWh calculation assumes a weighted average, using the US Department of Energy’s published miles per kWh rating per electric vehicle (EV) model, multiplied against each model’s market share among EVs based on IHS-Markit’s quarterly vehicle-in-operation report.

About Volta
Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.

About Cinemark Holdings, Inc.
Headquartered in Plano, TX, Cinemark (NYSE: CNK) is one of the largest and most influential movie theatre companies in the world. Cinemark’s circuit, comprised of various brands that also include Century, Tinseltown and Rave, operates 524 theatres (324 U.S., 200 South and Central America) with 5,897 screens (4,440 U.S., 1,457 South and Central America) in 42 states domestically and 15 countries throughout South and Central America. Cinemark consistently provides an extraordinary guest experience from the initial ticket purchase to the closing credits, including Movie Club, the first U.S. exhibitor-launched subscription program; the highest Luxury Lounger recliner seat penetration among the major players; XD – the No. 1 exhibitor-brand premium large format; and expansive food and beverage options to further enhance the moviegoing experience. For more information go to https://investors.cinemark.com/

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