Volta Trucks, the city centre electric truck OEM, has gone bankrupt.
This will be a very sad day for the people and partners involved, and, indeed, for the emobility sector as a whole.
The electric trucks sector has been slower to develop than many expected. What comes first, the trucks or the charging infrastructure, has been a major issue throughout.
This decision comes shortly after Volta Trucks‘ battery supplier and heavy-duty electrification specialists, Proterra Inc., filed for bankruptcy.
With the legacy OEMs, Volvo, DAF and Mercedes-Benz trucks all now bringing vehicles to market, the task just got a whole lot tougher for challenger brands: and it seems Volta Trucks have fallen victim.
Volta Trucks’ Board of Directors commented that it had: “not taken this course easily or lightly and is fully aware of the significant impact this will have on the organisation’s dedicated workforce”.
More as this breaking story unfolds.
