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Volta Trucks raises $260 million to fund electric vehicle launch

Volta Trucks said on Friday that it had raised 230 million euros ($260 million) in Series C funding round, which will finance it through the launch of series production of its Volta Zero electric truck in late 2022. Stockholm-based Volta Trucks, which also operates in the UK, said that the funding round was led by hedge fund Luxor Capital, which had previously invested in Volta Trucks. Initial seed investor Byggmastare Anders J Ahlstrom Holding AB also participated in the funding round, which brings the total Volta Trucks has raised to around 300 million euros.

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