Electric cars and bikes may be making the most buzz these days, but electric trucks are not far behind. With a lot of OEMs working to electrify and re-model delivery and distribution trucks, the segment is poised to get crowded soon. In a recent development, Volta Trucks, an automotive company offering electric trucks for sustainable cities, announced that it has raised €37M in its Series B round of funding.
Speaking on the development, Essa Al-Saleh, CEO of Volta Trucks, says, “The successful conclusion of our Series B funding round gives us positive external validation of our journey. Attracting several first-time investors, plus increased investment from existing partners totalling €37M, is a strong endorsement of the path we are on.”