Sweden-based Volta Trucks, an automotive company offering electric trucks for sustainable cities, announced that it has raised €60M in a Series C extension round.
In February 2022, the company raised €230M in the initial Series C funding round.
The round was supported by all current investors. The round brings the total investment in the company to over €360M to date.
Volta Trucks also announced that its Volta Zero Design Verification prototype has successfully completed the first customer driving assessments in the company’s European launch areas.
These events provided clients with their first hands-on encounter with the zero-tailpipe emission medium-duty truck built for urban logistics, giving them a practical grasp of the vehicle’s capabilities and its driver-centric cab.
The Volta Zero is a purpose-built full-electric 16-tonne vehicle designed for inner-city logistics, thereby reducing the environmental impact of freight deliveries in city centers.
The truck offers an operating range of 150-200 Kilometres and, as per company claims, will eliminate an estimated 1.9M tonnes of CO2 by 2026.
Founded in 2019 by Carl-Magnus Norden and Kjell Walöen, and currently led by CEO Essa Al-Saleh, Volta Trucks is a full-electric commercial vehicle manufacturer and services company.
It is headquartered in Stockholm, Sweden, but most of its business and engineering operations are undertaken in the UK, with sales teams across France, Spain, Italy, Germany, the Netherlands, and the UK.
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