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Nick Carey - 3 Angelika Warmuth - 2 Tevva - 1 David Holmes - 1 Louise Heavens - 1 Sharon Singleton - 1
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REUTERS - 3 Volta - 3 Thomson - 3 EV - 2 Volta Trucks - 2 Management - 1 Alvarez - 1 Marsal Europe - 1

Search resuls for: "Volta Trucks"


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☆ EV truck maker Tevva 're-engages' with potential merger partners
  + stars: | 2023-10-22 | by ( Nick Carey | ) www.reuters.com   time to read: +1 min
Engineers at electric maker Tevva work on a pre-production prototype truck at the startup's UK plant in Tilbury, Britain, January 14, 2022. REUTERS/Nick Carey Acquire Licensing RightsLONDON, Oct 23 (Reuters) - British electric truck maker Tevva has "re-engaged" with a number of possible merger partners following ElectraMeccanica's (SOLO.O) decision earlier this month to cancel their planned deal and said on Monday it has a number of trucks in production. The two companies announced their planned merger in August, giving Tevva access to U.S. production and targeting revenue of up to $1.5 billion in 2028, but Mesa, Arizona-based ElectraMeccanica terminated the agreement citing "failures by Tevva to disclose ... material information." In a statement it also said it had a number of fully electric 7.5 tonne trucks in production to hand over to customers. A few have begun bankruptcy proceedings, including Swedish-based electric truck maker Volta Trucks which filed for bankruptcy last week.
Persons: Nick Carey, Tevva, David Holmes Organizations: REUTERS, EV, Volta, Thomson Locations: Tilbury, Britain, British, Mesa , Arizona, Swedish
☆ Management of bankrupt Volta Trucks seeking buyer - source
  + stars: | 2023-10-19 | by ( Nick Carey | ) www.reuters.com   time to read: +2 min
A Volta Zero electric truck is seen during the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 6, 2023. REUTERS/Angelika Warmuth Acquire Licensing RightsCompanies Volta Trucks AB FollowLONDON, Oct 19 (Reuters) - The management of bankrupt electric truck maker Volta Trucks is urgently seeking a buyer to take the company out of administration and help it complete the ramp-up to mass production, a source familiar with the issue told Reuters. The startup had picked a factory in Austria to make its trucks and had been working toward mass production. Representatives of executives at Alvarez & Marsal Europe (A&M), who have been appointed as bankruptcy administrators for Volta Trucks' UK operations, could not be reached for comment. A few, including EV parts supplier Proterra and electric pickup truck maker Lordstown Motors, have begun bankruptcy proceedings.
Persons: Angelika Warmuth, Nick Carey Organizations: REUTERS, Volta, Reuters, Volta Trucks, Management, Alvarez, Marsal Europe, EV, Lordstown Motors, Thomson Locations: Munich, Germany, Sweden, United Kingdom, Austria
☆ Electric truck maker Volta Trucks files for bankruptcy in Sweden
  + stars: | 2023-10-17 | by ( Nick Carey | ) www.reuters.com   time to read: +1 min
A Volta Zero electric truck is seen during the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 6, 2023. REUTERS/Angelika Warmuth/File photo Acquire Licensing RightsLONDON, Oct 17 (Reuters) - Electric truck maker Volta Trucks said on Tuesday it has decided to file for bankruptcy proceedings in Sweden, after difficulties at suppliers made it hard for the startup to raise funds. Volta said it will also shortly file for bankruptcy in Britain. The electric truck maker had raised around 300 million euros ($316 million) from investors and said it had an order book of more than 5,000 vehicles. Volta Trucks had picked a factory in Austria to make its trucks and had been working toward mass production.
Persons: Angelika Warmuth, Nick Carey, Louise Heavens, Sharon Singleton Organizations: REUTERS, Volta, Volta Trucks, Thomson Locations: Munich, Germany, Sweden, United Kingdom, Britain, Austria
☆ Bertarelli-backed Volta Trucks seeks $264 mln in pre-IPO round, says CEO
  + stars: | 2023-03-08 | by ( Pablo Mayo Cerqueiro | ) www.reuters.com   time to read: +3 min
LONDON, March 8 (Reuters) - Volta Trucks, the electric-truck maker backed by billionaire Ernesto Bertarelli, is in advanced discussions to raise as much as 250 million euros ($263.58 million), its CEO told Reuters. Volta Trucks is gearing up to roll out its electric trucks, after delays in obtaining certification for its vehicles and constraints in sourcing supplies held up production, according to a company spokesperson. The company just months ago tapped investors for around 300 million euros in a deal that valued it at close to 600 million euros. Volta Trucks' existing backers include Kuwaiti supply-chain services provider Agility Public Warehousing Co (AGLT.KW), Bertarelli's family office B-Flexion, Swedish investor Byggmastare Anders J Ahlstrom (AJAb.ST) and U.S. hedge fund Luxor Capital. A spokesperson for B-Flexion said the investor remains "wholly committed" to Volta Trucks, but declined to comment further.
☆ Siemens signs deal to supply equipment for gigafactories JV
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +2 min
Gigafactories is a generic term referring to facilities that produce batteries for electric vehicles on a large scale. Under the deal, Siemens will become ACC's preferred supplier for automation, digitalisation and electrification technology. Terms of the partnership, which is part of the Siemens Xcelerator open digital platform launched earlier this year, have not been revealed. "ACC uses virtually the entire spectrum of Xcelerator - from factory construction to production automation to building services," Siemens managing board member Cedrik Neike told Reuters. Siemens on Thursday also announced a deal with electric vehicle company Volta Trucks to deliver electric charging infrastructure for truck customers, to help the transition to electrified vehicles.
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