Swedish Volta Trucks must file for insolvency

According to various insider media, Swedish start-up Volta Trucks is filing for insolvency.

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The company, which was founded in 2019, justifies the step with the insolvency of the planned battery supplier Proterra in August 2023.

This, it says, has thrown Volta Trucks' production plans into disarray, reducing its targeted unit numbers and significantly disrupting its ability to raise capital.

It is assumed that the trading company Volta Trucks Ltd. in England will also file for insolvency.

There are fears of repercussions for other companies such as Steyr Automotive, where capacities for 14,000 vehicles per year have been reserved, according to Industrie Magazin.