Volta Trucks

Volta Trucks is a Swedish electric vehicle startup that aims to build better urban delivery vehicles and other trucks that are safer and take up a smaller carbon footprint than their gas-guzzling, more clumsy, existing counterparts.

Volta Trucks is revolutionising last-mile logistics by delivering safer, more sustainable, full electric trucks to protect vulnerable road users and improve city centre environments for all.

Volta Trucks was founded in 2019 by Carl-Magnus Norden and co-founder Kjell Waloen. The company is in Stockholm, Sweden, with offices in London and Paris.

 

Volta Trucks launched the Volta Zero, a purpose-built, full-electric, 16-tonne commercial vehicle created specifically for urban freight distribution. The Volta Zero is designed to be the safest commercial vehicle, protecting vulnerable road users, and to be a significant contributor to the future vision of zero-emission cities all over the world.

 

Volta Trucks' Truck as a Service solution provides fleet managers with the frictionless electrification of their vehicles. It's order book now exceeds 5,000 vehicles with a value of 1.2 billion euros.

 

Volta Trucks is backed by Luxor Capital, Byggmästare Anders J Ahlström, Agility, B-FLEXION, and others. The company raised €230M (around $260M) in Series C round on Feb 18, 2022. This brings Volta Trucks' total funding to $328M to date. The latest round valued the company at a $490M (€433M) post-money.

 

 

  • Year founded: 2019
  • Funding Info: $328M over 4 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $490M (€433M) as of Feb 18, 2022
  • City/Town: Stockholm
  • State: Stockholm
  • Country: Sweden
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