Volta Trucks
Latest round
- Series C
Last raised
- Feb 2022
Total raised
- $302M
Investors
- 5
About Volta Trucks
Volta Trucks AB, founded in 2019, is based in Stockholm, Sweden, and specializes in the production of electric trucks. The company has undertaken 8 significant deals, with its most recent deal occurring on December 1, 2023.Volta Trucks primarily offers the Volta Zero, which is the world's first purpose-built 16-tonne electric truck designed to transform commercial vehicle operations. Launched with a focus on sustainability and safety, the Volta Zero incorporates advanced design features that prioritize driver visibility, ensuring the protection of pedestrians, cyclists, and other road users. Its electric powertrain provides a range of up to 200 km, making it suitable for urban logistics and emissions-free distribution. The company targets customers in the commercial transport sector across various European markets, including the United Kingdom, Germany, and France, with live customer trials currently ongoing to gather user feedback and enhance the product's performance and usability.The revenue generation model of Volta Trucks is centered around the sale and leasing of its flagship product, the Volta Zero. The company engages in B2B transactions, targeting logistics and distribution companies that prioritize sustainability in their fleet operations. The pricing structure is designed to be competitive in the electric vehicle segment while delivering value through reduced operational costs associated with traditional diesel trucks. Additionally, Volta Trucks is focused on building long-term partnerships with its clients to foster loyalty and recurring business, further enhancing its revenue potential in the European commercial vehicle market.In December 2023, Luxor Capital Group acquired Volta Trucks AB, with financial terms not disclosed. Future growth initiatives include the design and launch of new electric models targeted for urban logistics, with detailed timelines to be announced. Volta Trucks is also focused on expanding its operations into additional European markets to diversify its customer base and increase sales.
Who invested in Volta Trucks
5 investors across 2 rounds
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Questions about Volta Trucks
Who invested in Volta Trucks?
Volta Trucks has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Volta Trucks raised?
Volta Trucks has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Volta Trucks last raise money?
Volta Trucks's most recent round on record is a Series C, in Feb 2022.
What does Volta Trucks do?
Volta Trucks AB, founded in 2019, is based in Stockholm, Sweden, and specializes in the production of electric trucks.
Where is Volta Trucks headquartered?
Volta Trucks is headquartered in Stockholm, Sweden.
Which VCs invest in companies like Volta Trucks?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back logistics & distribution companies at Volta Trucks's stage. Their profiles are linked below.
VCs backing logistics & distribution startups at Series C
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