# Volta Trucks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/volta-trucks

- Industry: Logistics & Distribution
- Headquarters: Stockholm, Sweden
- Website: www.voltatrucks.com
- Total disclosed funding: $302M
- Latest round: Series C (Feb 18, 2022)
- Investors on record: 5

## About

Based in Sweden, Volta Trucks AB operates as a manufacturer of electric commercial vehicles, focusing on sustainable transportation solutions with its innovative electric 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. In this round of funding, Volta Trucks secured EUR 40.00 mn in VENTURE DEBT from the European Investment Bank, contributing to a total of EUR 60.00 mn raised. The company was founded by Kjell Walöen, who has a history in the transportation sector.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. By positioning itself as a leader in electric commercial vehicle solutions, Volta Trucks aims to establish itself in the growing market for sustainable urban transport.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. Customers can choose between leasing options or outright purchases, allowing for flexible financing that aligns with their operational requirements. 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. The EBITDA for the most recent year, 2022, was EUR -7,361,862.50.In December 2023, Luxor Capital Group acquired Volta Trucks AB, with financial terms not disclosed. The company plans to utilize recent funding to enhance product development and expand its market presence. 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.

## Funding rounds

- Series C, Feb 18, 2022, $259M — Luxor Capital Group, B-Flexion, Agility Logistics, Byggmästare Anders J Ahlström Fastighets AB (publ)
- Series B, Sep 16, 2021, $43M — Luxor Capital Group, Proterra Investment Partners, Agility Logistics, Byggmästare Anders J Ahlström Fastighets AB (publ)

## Investors

- Luxor Capital Group (https://capitalatlas.ai/funds/luxor-capital-group) — Series B, Series C
- Proterra Investment Partners (https://capitalatlas.ai/funds/proterra-investment-partners) — Series B
- Agility Logistics — Series B, Series C
- Byggmästare Anders J Ahlström Fastighets AB (publ) — Series B, Series C
- B-Flexion (https://capitalatlas.ai/funds/b-flexion) — Series C