Volta Trucks Files for Insolvency Again in UK and Austria

Despite ambitious plans and a production start in Austria, the Swedish start-up Volta Trucks is once again struggling with financial problems.

Since the opening of the insolvency proceedings over the Austrian subsidiary, it had been clear that the financial imbalance was enormous – now it is clear: the electric truck company Volta Trucks is facing a total standstill. On Thursday, the company based in England announced that it was also broke. Some had not believed that this could become something with the electric truck from Volta Trucks from the beginning, while the company itself, wit…

Hammermeister GmbH is again facing insolvency. After the takeover by WMT Wieland Metalltechnologie GmbH in 2022, the hoped-for success remains.

Volta Trucks falls back into the well of bankruptcy after some very hopeful news. The company of electric trucks was founded in 2019. From that moment, the hopes of this sector were placed on this motivated company, as they even presented in society their trucks 'zero emissions' and announced a range of different sizes and capacities. It seemed that everything was windy in aft for Volta, although in the year 2023 they clouded all their expectati…

Volta Trucks Files for Insolvency Again in UK and Austria

Volta Trucks, the Swedish-founded electric truck manufacturer, has filed for insolvency for a second time, impacting both its UK-based parent company and its Austrian subsidiary. The company, which aimed to revolutionize urban freight transport with its purpose-built electric trucks, has struggled to bring its flagship Volta Zero model to market. The filings affect Volta Commercial [...] The post Volta Trucks Files for Insolvency Again in UK and…

Volta Trucks Runs Out Of Charge For The Second Time

Eighteen months after being bought out of administration by New York-based hedge fund Luxor Capital Group, electric vehicle start-up Volta Trucks is bankrupt after failing to raise sufficient funding, writes Carol Millett. The news comes after Volta Trucks chief executive Essa Al-Saleh, recently revealed plans to resume production focusing on four critical markets – UK, Germany, France and Scandinavia. Essa also promised the resumption of live c…