Last month, Swedish-British truck startup Volta Trucks suddenly declared bankruptcy. Their first model, a 16-tonne version of the company’s Volta Zero electric truck, was about to begin deliveries to customers in Europe and Sweden.
But when the company that would supply the batteries for the truck, American Proterra Inc., filed for a rebuild, Volta Trucks was also forced to declare bankruptcy.
But now comes the information British media One of those already heavily invested in Volta Truck is considering taking over the entire company. It concerns the Luxor Capitol Group, which is said to be interested in buying at least the British part of the company. It is according to Sky News It means saving the 600 employees who work for Volta Trucks there.
What a potential purchase of a business in Sweden means is not clear. The company was founded here in 2019 and is headquartered in Stockholm. However, the technical activities took place in Great Britain, and the actual manufacturing of the Volta Zero is carried out by Steyr in Austria.
With a length of 9.5 meters and a range of 20 miles, the Volta Zero is an electric truck developed for urban mobility. For this reason, it also has a low glass cabin to make it easier for the driver to see pedestrians and cyclists.
With a length of 9.5 meters and a range of 20 miles, the Volta Zero is an electric truck developed for urban mobility. For this reason, it also has a low glass cabin to make it easier for the driver to see pedestrians and cyclists.
Before the company filed for bankruptcy, according to Volta Trucks, it had received 5,000 orders for its electric truck.
More Stories
Boeing opens a new factory in Great Britain
The British economy shrinks for the first time in seven years – and the pound weakens foreign
Starmer promises nationalization of trains and new housing