<p>Volta Trucks has announced the arrival of its Volta Zero in Spain, following the conclusion of a successful Series C funding round of EUR 230 million. This announcement follows the conclusion of a successful Series C funding round which saw a total investment of EUR 230 million into the company. Existing New York-based investor, Luxor Capital Group, LP, led this funding round, while Stockholm-based initial seed investor and co-lead, Byggmästare Anders J Ahlström, extended its holding. The latest funding round will fund engineering and business operations until after the start of production in late 2022. This includes the completion of a fleet of Design Verification prototypes for engineering development and testing, as well as a fleet of Product Verification vehicles that will be evaluated by customers in London and Paris in mid-2022. It will also fund the continued development of the recently confirmed 7.5- and 12-tonne full-electric Volta Zero derivatives, as well as prepare the company’s contract manufacturing facility in Steyr, Austria, to start production of customer vehicles by the end of the year.</p><p>As part of its European roadshow, Volta Trucks will be in Madrid on the 5th to 6th April, presenting the Volta Zero at the world-renowned Circuito del Jarma, home to the Spanish Grand Prix between 1968 and 1981.</p><p>Today’s diesel-engine trucks account for 72% of road-going greenhouse gases. In response to this, and with the objective to decarbonise last-mile logistics, the Swedish start-up has launched the world’s first purpose-built, full-electric 16-tonne Volta Zero in Spain, which has been designed for city-centre distribution, reducing the environmental impact of freight transport in urban centres, where air quality is at its worst.</p><p>Following the start of production this year, the vehicles will be in circulation throughout Madrid in 2023, a city that exceeded the EU’s air quality standard in 2021. Volta Trucks plans to produce 5,000 vehicles throughout Europe in 2023, increasing to 14,000 in 2024, 27,000 in 2025. The 16-tonne vehicle is the first of the four variants which range between 7.5- and 18-tonnes.</p><p>Volta Trucks was founded in 2017 by Scandinavian, Carl-Magnus Norden, and co-Founder, Kjell Waloen, with the aim of decarbonising last-mile logistics through improving air quality and helping to make city-center environments safer and more sustainable. The company looks to reduce the overall environmental impact throughout the supply and production chain.</p><p>The Volta Zero vehicle has a range of up to 200 km, with a top speed of 90 km/h and a payload capacity of up to 8,000 kg. Volta Trucks looks to eliminate around 1.2 million tonnes of CO2 emissions by 2025. The Volta Zero has 90% fewer mechanical parts than an equivalent internal combustion engine vehicle, meaning maintenance requirements are much lower. This, along with other benefits, makes it the ideal vehicle for last-mile logistics.</p>
<p>Volta Trucks has announced the arrival of its Volta Zero in Spain, following the conclusion of a successful Series C funding round of EUR 230 million. This announcement follows the conclusion of a successful Series C funding round which saw a total investment of EUR 230 million into the company. Existing New York-based investor, Luxor Capital Group, LP, led this funding round, while Stockholm-based initial seed investor and co-lead, Byggmästare Anders J Ahlström, extended its holding. The latest funding round will fund engineering and business operations until after the start of production in late 2022. This includes the completion of a fleet of Design Verification prototypes for engineering development and testing, as well as a fleet of Product Verification vehicles that will be evaluated by customers in London and Paris in mid-2022. It will also fund the continued development of the recently confirmed 7.5- and 12-tonne full-electric Volta Zero derivatives, as well as prepare the company’s contract manufacturing facility in Steyr, Austria, to start production of customer vehicles by the end of the year.</p><p>As part of its European roadshow, Volta Trucks will be in Madrid on the 5th to 6th April, presenting the Volta Zero at the world-renowned Circuito del Jarma, home to the Spanish Grand Prix between 1968 and 1981.</p><p>Today’s diesel-engine trucks account for 72% of road-going greenhouse gases. In response to this, and with the objective to decarbonise last-mile logistics, the Swedish start-up has launched the world’s first purpose-built, full-electric 16-tonne Volta Zero in Spain, which has been designed for city-centre distribution, reducing the environmental impact of freight transport in urban centres, where air quality is at its worst.</p><p>Following the start of production this year, the vehicles will be in circulation throughout Madrid in 2023, a city that exceeded the EU’s air quality standard in 2021. Volta Trucks plans to produce 5,000 vehicles throughout Europe in 2023, increasing to 14,000 in 2024, 27,000 in 2025. The 16-tonne vehicle is the first of the four variants which range between 7.5- and 18-tonnes.</p><p>Volta Trucks was founded in 2017 by Scandinavian, Carl-Magnus Norden, and co-Founder, Kjell Waloen, with the aim of decarbonising last-mile logistics through improving air quality and helping to make city-center environments safer and more sustainable. The company looks to reduce the overall environmental impact throughout the supply and production chain.</p><p>The Volta Zero vehicle has a range of up to 200 km, with a top speed of 90 km/h and a payload capacity of up to 8,000 kg. Volta Trucks looks to eliminate around 1.2 million tonnes of CO2 emissions by 2025. The Volta Zero has 90% fewer mechanical parts than an equivalent internal combustion engine vehicle, meaning maintenance requirements are much lower. This, along with other benefits, makes it the ideal vehicle for last-mile logistics.</p>
