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    1. Trucking

    Volta Trucks files for bankruptcy in Sweden

    Oct. 23, 2023
    Electric truck maker cites loss of battery supplier.
    Volta Trucks
    Screenshot 2023 10 23 At 1 17 27 Pm 6536b8ef3dab2

    Volta Trucks, a Swedish manufacturer of electric trucks, has filed for bankruptcy protection in Sweden, and for administration in the UK, where it has a plant.

    Its website has been blocked and contains an announcement listing joint administrators Andrea Jakes, Mark Firmin and Joanne Hewitt-Schembri, who will manage the companies affairs, business, and property.

    According to news reports, the move follows the bankruptcy of Volta battery suppler, Proterra. Not only was the company unable to obtain batteries, but it was also finding it difficult to raise capital.

    About the Author

    Rod Sutton

    Sutton has served as the editorial lead of Construction Equipment magazine and ConstructionEquipment.com since 2001. 

    Our mission is to help managers of heavy equipment and trucks to improve their performance in acquiring and managing their fleets. One way we do that is with our Executive Institute, where experts share information and ideas that will enable equipment managers to accurately manage equipment costs so that they can deliver the optimum financial benefits to their organizations.

    We also have a laser focus on product development, performance, and technology; as well as equipment acquisition, disposal, and maintenance. Our exclusive Field Tests take earthmoving equipment and truck into the field for professional evaluations.

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