Tech Company Financing Transactions
Volta Trucks Funding Round
Volta Trucks, based in Stockholm, secured $263.6 million from Agility Public Warehousing Company, B-FLEXION and Byggmastare Anders J Ahlstrom Holding AB.
Transaction Overview
Company Name
Announced On
3/8/2023
Transaction Type
Venture Equity
Amount
$263,580,000
Round
Undisclosed
Investors
Proceeds Purpose
Volta Trucks should break even by early 2025, according to Al-Saleh. He added that the company plans to expand into the United States in two or three years.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Olof Palmesgata 29 4th Floor
Stockholm, 111 22
Sweden
Stockholm, 111 22
Sweden
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
We are revolutionising last-mile logistics by delivering safer, more sustainable, full electric trucks to protect vulnerable road users and improve city centre environments for all. Our full-electric trucks are built for sustainable cities. Our zero-emission powertrains eliminate the harmful pollution that causes climate change and local air quality issues.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Essa Al-Saleh
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