Volta Trucks has declared bankruptcy for the second time, electrive.com reports. Although no detailed explanation for the insolvency has been provided, it appears to stem from a lack of sales due to delays in the production of the first Volta Zero model. Production of the vehicle began in Steyr, Austria, in April 2023, but the company declared bankruptcy in October of the same year, halting manufacturing.
In spring 2024, the majority stake in Volta was acquired by the Luxor Capital fund, which announced a fresh start and the resumption of production. Deliveries were scheduled to begin by the end of 2024, but this never materialised. According to local press reports, the company was still attempting to restart production in Steyr, with…
