Currently reading: UK-based Volta Trucks saved by venture fund

Swedish-owned electric truck start-up had blamed funding difficulties and supplier problems for its troubles

Hundreds of UK jobs at electric truck maker Volta Trucks Ltd, which went bust in October, have been saved after a purchase deal with Luxor Capital Group was agreed.

The venture fund was previously a shareholder and significant investor of the stricken firm's Swedish parent company, Volta Trucks AB.

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sabre 3 December 2023

I cannot predict success for companies without imagination, Tesla were the first to choose a name in memory of a genius in the field of electromagnetics. Then came the non imaginative followers Future Faraday, Nikola, Volta and the cars Chevrolet Volt and Opel Ampera. The only way to success: Recruit creative and inaginative people. Now!!!

sabre 3 December 2023

I cannot predict success for companies without imagination, Tesla were the first to choose a name in memory of a genius in the field of electromagnetics. Then came the non imaginative followers Future Faraday, Nikola, Volta and the cars Chevrolet Volt and Opel Ampera. The only way to success: Recruit creative and inaginative people. Now!!!