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Monday, January 17, 2022

Volta Trucks €37 million Series B funding round for their electric delivery truck

Volta Trucks, a Swedish full-electric commercial vehicle manufacturer and services provider, has announced the closing of a €37 million Series B funding round. Preorders for the company’s Volta Zero are now over 2500 vehicles and exceed €600m in order value 

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The funding round was led by New-York based Luxor Capital with existing investors extending their investments such as ​​ Byggmästare Anders J Ahlström, the company’s seed investor and series A participant. Strategic partners joining the Volta Trucks journey, showing clear belief in the company’s future success, and endorsement of its strategy and potential.

“The successful conclusion of our Series B funding round gives us positive external validation of our journey. Attracting several first-time investors, plus increased investment from existing partners totalling €37 million, is a strong endorsement of the path we are on and shows that our investors share and support our development and growth strategy. To be able to concurrently announce that we now have over 2,500 pre-orders for the full-electric Volta Zero, shows that customers also understand and share our mission to revolutionise and decarbonise city centre logistics, and bring full-electric commercial vehicles to market as soon as possible.”

Essa Al-Saleh, Chief Executive Officer of Volta Trucks
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