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Electric commercial vehicle maker Volta Trucks closes $20M round; order book at $260M Volta Trucks, a manufacturer of full-electric commercial vehicles, closed a $20-million convertible debt funding raise. Leading the raise was New York-based investment firm, Luxor Capital; Luxor Capital joins previous lead investor, Byggmästare Anders J Ahlström of Stockholm, and a number of supporting shareholders. The order book for the Volta Zero, a purpose-built full-electric large commercial vehicle, now stands at more than $260 million. This follows a successful commercial period of customer acquisit...

Volta Trucks has revealed that the current value of its order books stands at $260m. In a statement the electric truck manufacturer, that hopes to produces its first vehicle this year, said the total follows a successful commercial period of customer acquisition and has a  “significant number of additional vehicle orders expected to be announced in the coming weeks”. The first Volta Zero trucks are expected to be operating with customers in late 2021 and following a round of funding in which $20m was secured from by New York-based Luxor Capital Group, the company now plans to scale and g...

Volta Trucks the fully-electric commercial vehicle manufacturer, has announced the successful conclusion of its recent funding round of $20 million.

Volta Trucks Concludes $20 Million In Funding Round ++ Volta Trucks announced a successful funding round with $20 million of new investment, led by New York-based Luxor Capital Group, LP. The amount is probably not particularly big, but we guess that it's a significant milestone for the startup electric truck company that intends to launch on the market a purpose-built electric-only model: Volta Zero. Our attention was caught by another number - the order book reaches $260 million, which indicates a huge interest in the Volta Zero. We of course don't know the details of those agreements,...