Less than six months after a seemingly dooming bankruptcy filing, Volta Trucks has reemerged from the ashes, fresh with redemptive capital and a leaned-down business plan. The commercial EV startup can now resume its work in delivering its electric last-mile trucks to customers this year.
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Just over a month after Volta Trucks announced it was filing for bankruptcy, shareholder and lender Luxor Capital Group looks to breathe new life into the commercial EV startup, potentially salvaging hundreds on jobs in the UK.
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Volta Trucks, which had planned to begin selling its heavy EV trucks in the US this year, has filed for bankruptcy in Sweden. A short statement from the company paints a pretty grim picture, with some of the blame laid at the feet of Volta’s battery supplier Proterra, which filed for bankruptcy itself in August.
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After recently kicking off series production in Europe, Volta Trucks is making moves across the pond as it looks to launch its commercial EVs in the US later this year. Today, the startup has announced EAVX will help design custom truck bodies for the Zero trucks ahead of full production.
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Commercial EV startup Volta Trucks has achieved a pivotal milestone in its “Trucks as a Service” journey. The 16-ton Volta Zero truck has begun series production in Steyr, Austria, as the company begins a test drive program to educate customers and ensure quality before the first customer deliveries later this year.
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Just over a month after announcing customer orders for over 300 of its flagship Zero electric trucks, commercial EV startup Volta Trucks announced it has secured the necessary certification to produce and sell its vehicles in Europe. This is welcomed news as the company is still aiming for a start of series production of the trucks next quarter.
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Ahead of its start of series production next quarter, commercial EV startup Volta Trucks announced it has locked in customer orders for over 300 of its all-electric Volta Zero trucks. These orders alone secure a huge chunk of the company’s overall production targets for 2023, representing customer demand and cause for optimism as Volta Trucks finally looks to begin initial EV deliveries and expand to additional markets.
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Commercial EV startup Volta Trucks has shared another major milestone in its lightning fast 12-month journey in bringing its flagship Zero truck into production. The very first Volta Zero truck has rolled off its assembly line in Austria, kicking off a series of validation prototypes for customers before full commercial production next year.
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Commercial EV manufacturer Volta Trucks has shared a roadmap outlining plans to bring its all-electric Zero trucks to the United States next year. Its strategy will include the 16-ton Volta Zero truck to begin, followed by Class 5 and 6 variants. Additionally, Volta Trucks is searching for a manufacturing partner on US soil to begin building the Zero trucks before year’s end.
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Commercial EV manufacturer Volta Trucks has publicly debuted two new variations of its 16-ton Volta Zero. The forthcoming 7.5- and 12-ton variants will complete a four model range Volta Zero trucks and provide smaller and more maneuverable transportation to commercial fleets compared to their larger predecessors.
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As Volta Trucks works toward start of production for its all-electric Zero truck later this year, it has gained the funding to get it over the finish line. The zero-emission truck manufacturer announced it has garnered an additional €230 million (~$260.6 million) in Series C funding. Furthermore, Volta Trucks’ 5,000+ soft pre-orders offer a potential revenue value of over €1.2 billion (~$1.4 billion).
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Volta Trucks and Sibros have partnered up to integrate the latter’s holistic data platform system for fleets into the upcoming 16-ton Volta Zero electric truck. By utilizing Sibros’ proprietary system complete with Over-The-Air (OTA) capabilities, Volta Trucks plans to optimize it fleet asset health, reduce EV downtime, and lower overall service costs.
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UK EV startup Volta Trucks continues to chug forward towards series production of its Zero Truck, and has announced an additional €37 million in Series B funding to help. Alongside the newest funding announcement, Volta Trucks shared it has already received 2,500 soft pre-orders for its Zero Truck. Should all those pre-orders come to fruition, their value is over €600 million (~$705.5 million).
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UK-based EV startup Volta Trucks has just unveiled its first running prototype chassis that will offer the framework of its upcoming purpose-built, 16-ton electric truck. The newly announced Volta Zero Truck prototype chassis was designed and built to include the production specification frame and drivetrain components consumers will eventually see in the finished vehicle. With big goals set for 2025, this announcement brings Volta Trucks one step closer to providing inner-city logistics to the masses.
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Commercial EV manufacturer Volta Trucks has just laid out an ambitious road map through 2025, planning an expansion of its vehicle portfolio, sales, markets, and manufacturing facilities. In what the manufacturer is calling its “Road-to-Zero Emissions” strategy, Volta Trucks is focused on decarbonizing the logistic industry beginning with Europe, with expansions now planned for North America and Asia.
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It’s a fresh new week, and you know what that means. You get to peruse another article on an up-and-coming EV manufacturer. This week we’re in London, home to Volta Trucks and its zero-emission commercial fleet vehicle.
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