News / Volta Trucks 'back in the game' after new owner steps up

Image: Volta

Sweden-based electric HGV developer Volta Trucks is returning to the market after going into administration in October.  

In March 2023, Volta Group confirmed it was in advanced discussions with investors to raise up to €250m, set to be the final equity raise ahead of a potential initial public offering this year.

But the fundraiser stalled when Volta’s sole battery supplier, Proterra, entered a Chapter 11 process in the US, which had “an adverse impact on the planned launch date and increased the ...