VOLTA TRUCKS COMPLETES FIRST CUSTOMER AND MEDIA EVALUATION OF THE FULL-ELECTRIC VOLTA ZERO PROTOTYPE IN EUROPEAN LAUNCH MARKETS
Volta Trucks, a full-electric commercial vehicle manufacturer and services provider, completed the first customer driving evaluations of the Volta Zero Design Verification prototype in the company’s European launch markets. These events gave customers their first experience of the zero-tailpipe emission medium-duty truck designed for urban logistics. This provided a real-world understanding of the vehicle’s performance as well as world-first driver-centric cab and innovative safety features.
The Paris, Madrid, Milan, Germany, and England evaluations are the company’s latest milestones in bringing zero-tailpipe emission trucks to market. With over 1,500 test drives from organizations and media, Volta will integrate the evaluation activity feedback into the product roadmap. Next-generation Production Verification prototype vehicles already drive off the production line at the company’s contract manufacturing facility in Steyr, Austria.
VOLTA TRUCKS PARTNERS WITH SIEMENS TO ACCELERATE COMMERCIAL FLEET ELECTRIFICATION
Volta and Siemens Smart Infrastructure signed a letter of intent to deliver charging infrastructure and software to Volta Trucks customers. The goal is to simplify, de-risk, and accelerate their transition to commercial fleet electrification.
Further, the strategic partnership looks to bring together Volta Trucks’ solution to commercial vehicle fleet electrification and operational expertise through its Truck as a Service offer and Siemens’ global experience in electric vehicle support solutions. This includes software control systems as well as facility electrification, charging infrastructure, energy management, building equipment, and project finance. The partnership will support Volta Trucks’ customers by providing infrastructure for full electrification aligned with their operational needs.
VOLTA TRUCKS CONFIRMS SUCCESSFUL EXTENSION OF ITS SERIES C FUNDING ROUND, WITH ADDITIONAL €60 MILLION OF CAPITAL INTO THE COMPANY
Volta Trucks announced an extension of its earlier Series C funding round from February 2022, with an additional €60 million capital raise on top of the previous €230 million. The round was supported by all current investors. Overall, this brings the total investment into the company to over €360 million to date.
The Series C Extension validates the company’s continued progress. Its accelerated engineering, testing, and certification work continues ahead of the start of production of customer vehicles in Q1-2023. Additionally, on the commercial side, the company currently has thousands of pre-orders for the full-electric Volta Zero.
Confirming the new investment, Douglas Snyder, chairman of the board of directors of Volta Trucks, said: “At Volta Trucks, we have a very loyal, engaged, and future-facing cap table of investors supporting our journey. Nobody has done what Volta Trucks is doing before, and this needs significant investor confidence and trust in the company vision, strategy, business case, and ongoing deliverables. The extension to our Series C funding round gives us further positive external validation of our journey, and our pre-order book gives us confidence from our customers that we are developing a product that the market needs.”
Find out more, visit www.voltatrucks.com.
