Tech Company Financing Transactions
Volta Trucks Funding Round
On 3/15/2022, Volta Trucks landed $260 million in Series C funding from Luxor Capital, Agility Capital and Byggmastare Anders J Ahlstrom Holding AB.
Transaction Overview
Company Name
Announced On
3/15/2022
Transaction Type
Venture Equity
Amount
$260,000,000
Round
Series C
Investors
Proceeds Purpose
Volta will be using the money to fund engineering and business operations ahead of its first trucks rolling off the assembly line, on the back of what looks like a healthy list of customers: Volta said that its pre-order book for its all-electric Volta Zero -- said to be the first fully electric, purpose-built commercial freight vehicle designed for urban freight distribution -- is currently totaling over �1.2 billion, covering more than 5,000 vehicles.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Olof Palmesgata 29 4th Floor
Stockholm, 111 22
Sweden
Stockholm, 111 22
Sweden
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
We are revolutionising last-mile logistics by delivering safer, more sustainable, full electric trucks to protect vulnerable road users and improve city centre environments for all. Our full-electric trucks are built for sustainable cities. Our zero-emission powertrains eliminate the harmful pollution that causes climate change and local air quality issues.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Essa Al-Saleh
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