London, UK: Electric truck maker Volta Trucks is preparing for a comeback in selected European markets under its new owner, Luxor Capital. The electric truck manufacturer aims to make its first deliveries to customers in Germany by the end of the year – followed by France, the UK and Scandinavia.
Contract manufacturer Steyr Automotive announced a few weeks ago that it would soon produce electric trucks for Volta Truck again. Volta Trucks filed for insolvency in October – not only the Swedish unit but also the group’s most important trading company, Volta Trucks Limited, based in the UK.
The new Luxor Capital subsidiary is registered in the UK. Vehicle development for series production of the 16- and 18-ton versions of the Volta Zero is underway. Volta says initial customer tests in live operation have also begun in the UK. A larger fleet of vehicles will then be available in the second quarter, covering Germany, France, the Nordic countries and Austria.
“We’re looking to confirm orders with existing customers, reassemble the supply chain, complete a crucial fundraising round, and ensure series vehicles are ready for delivery,” says Essa Al-Saleh, chief executive, of the new Volta Trucks Commercial Vehicles. “Right now, we are in the midst of discussions with all our suppliers and partners to enable these objectives. We have learned a lot from our challenging journey and are emerging stronger and more focused than ever.”
voltatrucks.com
