Founded in Sweden in 2019, the young company set out on a mission to build the electric truck of the future, and opted for a complete in-house development instead of converting a diesel model. Now, Volta Trucks is insolvent for the second time: both the company Volta Commercial Vehicles Limited in the UK and the subsidiary Volta Commercial Vehicles GmbH in Austria are insolvent.
The exact cause of the insolvency is not yet known, but there is a clear lack of sales, as production of the first Volta Zero model has been delayed for years. What is certain in any case is that the British insolvency administrator is now looking for investors for Volta. If this is not successful, liquidation will have to be initiated.
Volta Trucks started…
