• Edit
DateInvestorsAmountRound
-

N/A

-
N/A

€2.0m

Seed

$20.0m

Early VC

€37.0m

Series B
*

$260m

Valuation: $490m

Series C
*

$62.0m

Series C
*

€24.6m

Late VC
*
N/A

N/A

Bankruptcy
*

N/A

Buyout
Total Funding$412m

Recent News about Volta Trucks

Edit
More about Volta Trucksinfo icon
Edit

Volta Trucks is a forward-thinking company focused on transforming urban logistics with its innovative electric trucks. The company designs and manufactures full-electric commercial vehicles aimed at making city transportation safer and more sustainable. By eliminating the internal combustion engine, Volta Trucks has reimagined the traditional truck design to enhance safety for drivers, pedestrians, cyclists, and other road users. Their flagship vehicle, the Volta Zero, features industry-leading driver visibility, easy entry and exit, and a premium working environment, making it a standout in driver safety and comfort.

Volta Trucks primarily serves businesses involved in last-mile logistics—the final step of the delivery process from a distribution center to the end customer. This includes sectors such as retail, e-commerce, and food distribution. The company operates in the urban logistics market, focusing on city centers where the need for sustainable and safe transportation solutions is most critical.

The business model of Volta Trucks is centered around its "Truck as a Service" (TaaS) offering. This comprehensive solution provides fleet managers with everything they need to transition to electric vehicles seamlessly. TaaS includes the electrical supply and infrastructure, financing options, maintenance and servicing, and driver training. By bundling these services, Volta Trucks reduces the risks and complexities associated with switching to electric trucks, thereby maximizing vehicle uptime and operational efficiency.

Volta Trucks generates revenue through the sale of its electric trucks and the TaaS package. By offering a lower Total Cost of Ownership compared to traditional diesel trucks, they provide a financially attractive option for businesses looking to modernize their fleets while contributing to environmental sustainability.

Keywords: electric trucks, urban logistics, last-mile delivery, driver safety, sustainable transportation, fleet electrification, Truck as a Service, city centers, operational efficiency, Total Cost of Ownership.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.