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2022 was a significant year of milestones for Volta Trucks, the leading and disruptive full-electric commercial vehicle manufacturer and services provider, as the company continues its journey towards production of the full-electric Volta Zero vehicles for customers in early 2023.
Volta Trucks sees company growth of over 200%
Volta Trucks saw the headcount of the company grow by over 200% in 2022, to nearly 700 employees. This included key appointments across the business, including Steve Dichter as Chief Strategy Officer; Adam Chassin as Chief Commercial Officer and Karl Viktor Schaller who joined the Volta Trucks Board of Directors.
Volta Trucks validates continued progress by bringing total investment to over €360 million
In November 2022, Volta Trucks announced a successful extension of its Series C funding round, taking the total investment into the company to over €360 million to date. The funding extension validates the company’s continued progress as it accelerates engineering, testing and certification work ahead of the start of production vehicles this year.
Volta Zero undergoes significant engineering advancements
Volta Trucks completed rigorous programmes of hot and cold weather testing of the full-electric Volta Zero, between plus 39 degrees celsius and minus 30 degrees celsius. Both programmes were designed to ensure that the vehicle will deliver outstanding levels of reliability and durability when series production of customers specification trucks starts.
Volta Trucks completes first on-road engineering test phase of Volta Zero across Paris & London
Volta Trucks completed an on-road engineering test phase of the full-electric Volta Zero prototype on the roads of Paris and London, with some of Europe’s largest fleet operators. Customers included DB Schenker, Petit Forestier, the UK’s The Crown Estate and Clipper Logistics, international parcel delivery service, DPD and Fraikin, leaders in commercial vehicle fleet services. These cargo-free trials gave engineering teams feedback from over 25 customers on the vehicle’s performance, world-first driver-centric cab and innovative safety features.
Volta Trucks completes first customer driving evaluation events in European launch markets
Throughout 2022, Volta Trucks undertook the first customer and media evaluation events of the Volta Zero Design Verification prototype in the company’s European launch markets. The evaluations, undertaken on proving grounds in Paris, Madrid, Milan, Selm in Germany and Millbrook, England, saw over 1,500 test drives completed by customers and international media. The Volta Zero was also presented at IAA Hannover, Europe’s largest trade show for the commercial vehicle industry in September, as well as other events including Fully Charged Live, ITT Hub and the Commercial Vehicle Show.
Volta Trucks reveals Truck as a Service customer operations centre in Paris and London
Volta Trucks confirmed details of its first ’Volta Trucks Hubs’ in Paris and London, serving the service and maintenance needs of the Volta Zero vehicles that will operate on the streets in those cities from early 2023. The network of Hubs, with more to follow in 2023, will be a critical enabler of the company’s innovative Truck as a Service offer, that will revolutionise the ownership, financing and maintenance of commercial vehicle fleets.
First full-electric Volta Zero drives off the production line in Steyr, Austria
Volta Trucks confirmed that the first Volta Zero vehicle has been completed at the company’s contract manufacturing facility in Steyr, Austria. The landmark vehicle, the first of a series of second-generation ‘Production Verification’ prototypes, will form part of a Pilot Fleet of trucks which will be loaned to customers for extended periods in early 2023.This will allow fleet operators to understand how the full-electric medium duty truck will integrate into their operations.
Volta Trucks partners with industry leaders
Volta Trucks announced key strategic partnerships with industry leaders, to deliver best-in-class solutions. These partnerships included Siemens Smart Infrastructure, the leader in electrification, to deliver comprehensive charging infrastructure and software to Volta Trucks customers; Carrier Transicold as the sole supplier of refrigerated equipment for the full-electric 16-tonne Volta Zero; Paneltex as the supplier of ambient cargo boxes, and Cake electric motorcycles to test an electric mobile micro hub for last mile delivery.
Volta Trucks will not be communicating the separate investment amounts from individual investors.
About the Volta Zero
The Volta Zero is the world’s first purpose-built full-electric 16-tonne vehicle designed for urban logistics, reducing the environmental impact of freight deliveries in city centres. Designed from the ground up with an operating pure-electric range of 150 – 200 kms (95 – 125 miles), the Volta Zero will eliminate an estimated 1.9M tonnes of CO2 by 2026.
Safety is also at the heart of Volta Trucks, with its ambition of producing the safest trucks for our cities. The Volta Zero was designed for electric from the outset, which facilitates a step-change in vehicle, driver and pedestrian safety. Thanks to the removal of the internal combustion engine, the operator of a Volta Zero sits in a central driving position, with a much lower seat height than a conventional truck. This combination, plus a glass house-style cab design, gives the driver a wide 220-degrees of visibility, minimising dangerous blind spots.
Volta Trucks will also introduce its innovative Truck as a Service proposition that will revolutionise the financing and servicing of commercial vehicle fleets. Truck as a Service offers fleet managers a frictionless and hassle-free way to electrify their fleet and helps them with every step by offering a single, affordable, monthly fee that provides access to a full-electric Volta Zero, and all its charging infrastructure, servicing, maintenance, insurance, and training requirements, maximising uptime and operational efficiency.
About Volta Trucks
Volta Trucks was founded in 2019 in Sweden by co-founders Carl-Magnus Norden and Kjell Waloen. The company, focused primarily on operations across all major cities in Europe and the UK, aims to accelerate the transition to fully electric trucks, reducing the effects of climate change and helping make our cities safer, healthier and more sustainable for everyone. Volta Trucks is partnering with a number of global leaders in the supply chain for the development and production of the Volta Zero, at pace and scale. In total, Volta Trucks has raised over €360 million funding to date.
The company’s contract manufacturing facility is in Steyr, Austria, where it started building ‘Production Verification’ prototypes in Summer 2022, ahead of the start of production of customer specification vehicles in early 2023. The company is also establishing a network of ‘Volta Trucks Hub’ service and maintenance facilities in its launch markets, with the first two already announced in Bonneuil-sur-Marne, to the south of Paris, and in Tottenham, London.