Volta Zero: 37 million euros raised in financing round

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The capital is now to be used to build a pilot fleet for customer testing

Volta Zero: 37 million euros raised in financing round-financing

Volta Trucks raised 37 million euros in new capital in a Series B financing round. The manufacturer of the electric truck Zero has now officially announced this.

A prototype of the Volta Zero was shown in September 2020.

With the second financing round, Volta can now produce a pilot fleet that will be evaluated by customers from mid-2022. Series production is then scheduled to start at the end of 2022. Volta plans to sell around 27,000 vehicles by 2025.

The financing round was led by the approximately eight billion dollar investor firm Luxor Capital. Another investor who has already participated in the Series A financing round, Byggmastare Anders J Ahlstrom from Stockholm, has topped up its investment. The logistics company Agility also topped up its investment. Proterra was also involved; the company was selected to supply the batteries for the truck.

Picture gallery: Volta Zero (Demonstrator)

Volta Zero: 37 million euros raised in financing round-million

Volta Zero: 37 million euros raised in financing round-euros Volta Zero: 37 million euros raised in financing round-financing Volta Zero: 37 million euros raised in financing round-million

At the end of June 2021, Volta presented the first mobile chassis, followed by a somewhat more complete prototype in August. Finally, ten days ago, Volta announced that the Zero would be manufactured by Steyr in Austria.

The order book is also starting to fill up. The pre-orders for the Volta Zero have now grown to 2,500 vehicles. This corresponds to an order value of 600 million euros – tripling in the last three months.

The purely electrically powered Volta Zero is intended for deliveries in the city center. By eliminating the internal combustion engine, the driver sits far forward in the middle of the generously glazed cabin, the seat height is significantly lower than that of a conventional truck. This results in a 220-degree view and blind spots are minimized. The aim is to make the Zero the "safest truck in the world".

In total, Volta wants to bring four Zero variants with vehicle weights between 7.5 and 19 tons on the market in Europe and the USA. The version to be launched initially is a two-axle 16-tonner with a range of 150 to 200 kilometers.

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Technical data of the Volta Zero (16-tonner)

  • Drive: electric drive, no further details
  • Top speed: 90 km / h
  • Battery: 150 or 225 kWh net
  • Range: 150-200 km
  • Dimensions: 9,460 mm length / 2,560 mm width / 3,470 mm height / 4,800 mm wheelbase
  • Transport capacity: 38 m3, space for 16 euro pallets
  • Vehicle weight: 16 tons
  • Payload: 8.6 tons

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