CV Show 2024
23 - 25 APRIL 2024 • NEC • BIRMINGHAM • UK
12 April 2024
CV Show

Volta to start electric truck production again

Volta Trucks, now Volta Commercial Vehicles, will deliver vehicles this year after restructuring and focusing on efficiency and profitability.

Manufacturers

Volta Trucks, which was saved from bankruptcy last year, says it will start to deliver vehicles before the end of the year following its acquisition by Luxor.

The company is now preparing for a comeback under the name Volta Commercial Vehicles. Essa Al-Saleh, CEO of the new company, said:

“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. Right now, we are in the midst of discussions with all our suppliers and partners to enable these objectives. We have learnt a lot from our challenging journey and are emerging stronger and more focused than ever.”

Steyr Automotive, in Austria, has been appointed to manufacture the trucks. Series production is expected to start later this year.

A fleet of trial vehicles are already in circulation with UK operators. Al-Saleh added:

During the last couple of months, we have analysed our original business plan and worked hard to simplify our business model with a strong focus on speed to market, capital efficiency and profitability. The new Volta Trucks will provide an innovative “chassis-cab” product, supported by a tailored maintenance and service offering and partnerships with certified body builders. We believe this will best support our customers’ immediate needs and facilitate the electrification transition.

End

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