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Bankruptcy of battery supplier Proterra: Volta Trucks files for insolvency
The board of Volta Trucks will soon file for bankruptcy in Sweden. The company announced the same for its English and other group companies. The board did not make this decision lightly, the company stated.
Since 2019, a lot has been achieved from the ground up, revolutionizing the operation of commercial vehicles for a sustainable future. According to Volta, they have developed the "world's first purpose-built all-electric 16-ton truck" with a "unique cabin and chassis design."
The company sees this as an important contribution to the decarbonization of the environment. During the pilot phase in five European countries, Volta received "fantastic feedback" and was able to attract renowned customers.
The trigger for the decision to file for bankruptcy was the news that battery supplier Proterra had filed for Chapter 11 bankruptcy. This had significant impacts on Volta's production plans. The manufacturer had to reduce its planned production volumes. This, in turn, negatively affected capital raising.
Translated automatically from German.
Branchenguide
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