About Volta Trucks
Volta Trucks is a company based in Stockholm (Sweden) founded in 2019 by Carl Magnus Norden.. Volta Trucks has raised $386.04 million across 5 funding rounds from investors including Proterra, Agility and Bund.de. Volta Trucks offers products and services including Volta Zero. Volta Trucks operates in a competitive market with competitors including Arrival, Einride, Tevva, Oxa and GAUSSIN MANUGISTIQUE, among others.
- Headquarter Stockholm, Sweden
- Founders Carl Magnus Norden
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Volta Commercial Vehicles
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Annual Revenue
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Net Profit
$-10.87 M (USD)-1195as on Jun 30, 2021
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EBITDA
$-12.95 M (USD)-1166as on Jun 30, 2021
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Total Equity Funding
$386.04 M (USD)
in 5 rounds
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Latest Funding Round
$15.91 M (USD), Grant
Mar 10, 2023
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Investors
Proterra
& 5 more
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Employee Count
Employee Count
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Products & Services of Volta Trucks
Volta Trucks offers a comprehensive portfolio of products and services, including Volta Zero. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Purpose-built 16-tonne electric truck for sustainable urban delivery operations.
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Funding Insights of Volta Trucks
Volta Trucks has successfully raised a total of $386.04M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $15.91 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $15.9M
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First Round
First Round
(27 Jan 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Grant - Volta Trucks | Valuation |
investors |
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| Nov, 2022 | Amount | Series C - Volta Trucks | Valuation |
investors |
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| Feb, 2022 | Amount | Series C - Volta Trucks | Valuation | Luxor Capital Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Volta Trucks
Volta Trucks has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Proterra, Agility and Bund.de. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on logistics, transportation, industrial real estate, and technologies
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Founded Year | Domain | Location | |
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WayPoint Capital Partners is focused on private equity investments.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Volta Trucks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Volta Trucks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Volta Trucks Comparisons
Competitors of Volta Trucks
Volta Trucks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Arrival, Einride, Tevva, Oxa and GAUSSIN MANUGISTIQUE, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category commercial electric vehicles, including buses and vans, are manufactured.
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| domain | founded_year | HQ Location |
Autonomous electric trucks are manufactured for freight and emissions management.
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| domain | founded_year | HQ Location |
Electric and hydrogen trucks are designed and manufactured by Tevva.
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| domain | founded_year | HQ Location |
Online platform offering autonomy software for self-driving vehicles
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| domain | founded_year | HQ Location |
Over-dimensional cargo handling and transportation services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Volta Trucks
Frequently Asked Questions about Volta Trucks
When was Volta Trucks founded?
Volta Trucks was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Volta Trucks located?
Volta Trucks is headquartered in Stockholm, Sweden.
Who is the current CEO of Volta Trucks?
Essa Al Saleh is the current CEO of Volta Trucks.
Is Volta Trucks a funded company?
Volta Trucks is a funded company, having raised a total of $386.04M across 5 funding rounds to date. The company's 1st funding round was a Series C of $260M, raised on Jan 27, 2021.
What does Volta Trucks do?
Volta Trucks was founded in 2019 in Stockholm, Sweden, within the electric vehicle sector. Electric trucks are manufactured, incorporating batteries of 160-200 kWh and payloads up to 8,600 kg. Biodegradable and vegan materials are used in body construction, while low driver cabins are integrated for urban operations. Electrified fleets and drivetrains are also developed to support logistics needs.
Who are the top competitors of Volta Trucks?
What products or services does Volta Trucks offer?
Volta Trucks offers Volta Zero.
Who are Volta Trucks's investors?
Volta Trucks has 6 investors. Key investors include Proterra, Agility, Bund.de, Luxor Capital Group, and WayPoint Capital Partners.
What is Volta Trucks's valuation?
The valuation of Volta Trucks is $705.5M as of Sep 2021.