LONDON — Electrical truck startup Volta Vans mentioned on Thursday it has raised 37 million euros ($43.7 million) in its newest funding spherical led by hedge fund Luxor Capital and together with an funding by Volta’s battery provider, Proterra.
The most recent funding brings Volta’s complete raised to 60 million euros. Luxor additionally invested within the earlier funding spherical.
Volta mentioned the funding might be used to develop a check fleet of vehicles for purchasers in Paris and London.
The corporate goals to launch manufacturing of the Volta Zero, a 16-metric-ton electrical truck, by the top of 2022 and says it at the moment has an order e book of two,500 vehicles price greater than 600 million euros.
Volta Vans mentioned this month that its first vehicles might be made underneath contract beginning in late 2022 in Austria by Steyr Automotive, a newly fashioned firm that has taken over a manufacturing facility that previously belonged to Volkswagen Group unit MAN.