Volta Trucks announces first production orders of over 300 vehicles and more than €85 million of associated revenue

Volta Trucks secures more than €85 million of anticipated revenue from confirmed orders of full-electric Volta Zeros for 2023 delivery.

Stockholm- Volta Trucks., is a Swedish-based commercial EV startup, has announced a strong start to 2023 by confirming customer production orders for the first 300 manufacturing slots of its full-electric Volta Zero, with an associated revenue of more than €85 million.

Series production Volta Zeros are due to start rolling off the line of the company’s contract manufacturing facility in Steyr, Austria, in early Q2 2023, with the plant ready to meet the strong customer demand for its purpose-built full-electric medium duty urban delivery truck.

Essa Al-Saleh, Chief Executive Officer of Volta Trucks said, “Volta Trucks has made important progress in the first few weeks of 2023, confirming more than 300 customer truck orders for the first vehicles off our production line in Austria. This covers a meaningful portion of our 2023 production targets, before customers have pilot tested the vehicles. This is a major achievement and demonstrates the compelling features of the Volta Zero and the trust that our customers have in our ability to deliver,”.

Further he added, “Volta Trucks is poised for a successful first year of sales and production. We are confident and focused on delivering on our strategic ambitions and purpose to decarbonise and improve the safety of city-centres.”

Volta Trucks will communicate customer specific details later.

Volta Trucks has previously communicated pre-orders of 6,500 trucks.

About the Volta Zero

The Volta Zero is a purpose-built full-electric 16-tonne vehicle designed for urban logistics, reducing the environmental impact of freight deliveries in city centres, operating at a range of 150 - 200 kms (95 – 125 miles), the Volta Zero will eliminate an estimated 1.9M tonnes of CO₂ by 2026.

About Volta Trucks

Volta Trucks was founded in 2019 in Sweden by co-founders Carl-Magnus Norden and Kjell Waloen. The company, focused primarily on operations across all major cities in Europe and the UK, aims to accelerate the transition to fully electric trucks, reducing the effects of climate change. Volta Trucks is partnering with a number of global leaders in the supply chain for the development and production of the Volta Zero.