Volta Trucks Raises $43.7 Million In Latest Funding Round
Electric truck startup Volta Trucks said on Thursday it has raised 37 million euros ($43.7 million) in its latest funding round led by hedge fund Luxor Capital and including an investment by Volta's battery supplier Proterra.
The latest funding brings Volta's total raised to 60 million euros. Luxor also invested in the previous funding round.
Volta said the funding will be used to develop a test fleet of trucks for customers in Paris and London.
The company aims to launch production of the Volta Zero, a 16-tonne electric truck, by the end of 2022 and says it currently has an order book of 2,500 trucks worth more than 600 million euros.
Volta Trucks said this month that its first trucks will be made under contract starting in late 2022 in Austria by Steyr Automotive, a newly formed company that has taken over a factory that formerly belonged to Volkswagen AG unit MAN.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Related News
Latest Cars
Upcoming Cars
Latest News
car&bike Team | Apr 11, 2026Kia Confirms Sorento Hybrid, Carnival Hybrid For India By 2030The Sorento is Kia’s three-row offering sold overseas, while the Carnival Hybrid and Syros EV will be introduced by 2030.3 mins read
car&bike Team | Apr 11, 2026No New Petrol Scooters, Motorcycles In Delhi From 2028, Proposes Latest EV PolicyDelhi’s EV Policy 2.0 draft proposes phasing out petrol two-wheelers from new registrations by 2028, pushing for a full shift to electric.3 mins read
car&bike Team | Apr 11, 20262026 Volkswagen Taigun GT Plus Sport vs Skoda Kushaq Monte Carlo: Top Variants ComparedWe now compare the Taigun GT Plus Sport and Kushaq Monte Carlo to understand the differences in features, equipment, and overall packaging at the top end.3 mins read
car&bike Team | Apr 10, 20262026 Volkswagen Taigun Comfortline vs Skoda Kushaq Classic+: Base Variants ComparedVolkswagen and Skoda have updated their compact SUVs for 2026. Here’s how the Taigun Comfortline and Kushaq Classic+ compare at the entry level.3 mins read
car&bike Team | Apr 10, 2026ReiseMoto Becomes Pan-India Distributor for MT Helmets; Launches MT Stinger 2 in IndiaReiseMoto has partnered with MT Helmets to bring its helmet portfolio to India, new MT Stinger 2 helmet launched and is certified for ECE 22.06 and SHARP 5-star rating.1 min read
car&bike Team | Apr 10, 2026Bajaj Pulsar 180 Launched In India At Rs 1.22 LakhBajaj Auto has reintroduced the Pulsar 180 in India at Rs 1.22 lakh, slotting it between the Pulsar 150 and 220F in the brand’s lineup.1 min read
Janak Sorap | Apr 10, 2026Triumph 350 Range First Ride Review: More Affordable, More Refined, Still Fun?Triumph’s shift to 350cc aims to cut costs, but does it affect the ride experience?5 mins read
car&bike Team | Apr 7, 2026Flying Flea C6 Review: Royal Enfield’s Electric Gamble?The C6 is the beginning of Royal Enfield's EV journey under the Flying Flea brand. Does it make a strong impression? Read on.7 mins read
Janak Sorap | Mar 31, 20262026 Royal Enfield Guerrilla 450 Apex – First Ride Review: The Update That Changes EverythingAfter riding the updated 2026 Royal Enfield Guerrilla 450 for a round trip of over 140 km from Guwahati to Shillong, the new Apex variant feels like the version of the Guerrilla 450 that should have existed from day one.6 mins read
Amaan Ahmed | Apr 6, 2026Yamaha EC-06 First Ride Review: Building Is Hard, Repackaging Is ECTo develop a capable maiden electric two-wheeler for India, Yamaha Motor didn't have to dig deep -- it just needed to strike up a clever partnership with a promising Indian startup.8 mins read
Janak Sorap | Mar 25, 2026Ducati Desmo450 MX Review: In PicturesDucati’s first-ever motocross motorcycle, the Ducati Desmo450 MX, promises extreme performance and race-focused engineering, and we recently experienced it at BigRock Dirt Park to find out what it’s really like to ride.1 min read