One of many first electrical HGV firms, Volta Vans, has filed for chapter following a battle to safe batteries for its lorries.
Whereas headquartered in Stockholm, Swedenwhere the agency has filed for chapter, Volta Vans has most of its enterprise and engineering operations within the UK, with bases in Warwick, Coventry and Studying. In June 2023, it additionally launched its first ‘service hub’ in Tottenham, north London, with London Mayor Sadiq Khan opening the location that was attributable to service the agency’s electrical HGVs.
Introduced right now (October 17), Volta Vans’ board of administrators confirmed it had filed for chapter in Sweden and that it’ll ‘shortly file for administration in England’. It has round 600 workers within the UK.
The agency mentioned it had ‘confronted challenges alongside the best way’, with its most up-to-date setback being its battery provider, Proterra, submitting for chapter. Volta Vans mentioned this has had a ‘important impression on our manufacturing plans, decreasing the quantity of autos that we had forecast to provide’,
It added: “The uncertainty with our battery provider additionally negatively affected our capacity to boost enough capital in an already difficult capital-raising atmosphere for electrical automobile gamers.
“With deep and honest remorse, the Board has due to this fact taken the troublesome resolution to take steps to file for chapter proceedings in Sweden. The primary buying and selling entity of the Group, Volta Vans Restricted, will shortly file for administration in England.”
Volta Vans was established in 2019, creating the primary purpose-built 16-tonne electrical truck on a singular cab. First buyer deliveries of its HGVs had been anticipated in Sweden in 2023.