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Volta Trucks

EV trucksSweden
💀 Dead / Bankrupt
Peak $1 BillionToday
~-100%
from peak
  1. 🦄
    Became a unicorn
    ~2022
  2. 📈
    Peak valuation
    $1 Billion ’22
  3. 💔
    Became a Unitard
    Oct 2023
  4. 💸
    Last valuation
    ~$0
Current status
Bankrupt Oct 2023

How it happened

Volta Trucks was a Swedish-founded startup developing the all-electric Volta Zero urban delivery truck, reaching an estimated ~$1B valuation around 2022. The company was hit by the bankruptcy of a key battery supplier (Proterra) and could not secure further funding, filing for bankruptcy in October 2023.

Source: Canary Media