The Journey

Volta Trucks’ Founder, Carl-Magnus Norden, and Chief Executive Officer, Essa Al-Saleh, outline the company’s vision and mission, and our journey to decarbonize logistics and make city center streets safer, healthier and more pleasant for all.

Our Vision

To be the leader in zero emission transport, reducing the effects of global warming and making our cities safer, healthier and more pleasant for all.

Our Mission

Delivering full-electric trucks and revolutionizing vehicle ownership. Supporting and accelerating industry towards sustainable operations.

Founders’ Story

Volta Trucks was created in 2019 by Scandinavian Founder, Carl-Magnus Norden and co-Founder, Kjell Waloen with very clear goals – to decarbonize last-mile logistics and to make city center environments safer, more pleasant and sustainable places to live and work.

 

They understood the vast majority of pedestrian and cyclist deaths on city center streets were attributable to large commercial vehicles, where air quality is also at its worst. They also saw the opportunity that the transition from internal combustion engines to electrification presented, both in terms of the environmental benefits but with a new type of truck designed at the outset for electric, the safety benefits too.

In addition, they recognized the industry challenges with driver recruitment and retention, and the need for a more premium working environment. And listening to the concerns of fleet managers, our founders understood the challenges faced when transitioning the fleet to electrification and decided to take action. The result is Volta Trucks and our first vehicle, the Volta Zero.

 

The Volta Zero demonstrator was launched on 3 September 2020. Development started on the production vehicle in January 2021 and by December 2021, the first road-going Design Verification prototype had been completed. Production Verification vehicles will be built in mid-2022 at the Volta Trucks contract manufacturing facility in Steyr, Austria, for customer evaluation, ahead of the start of series production in late 2022.

Timeline of Key Events

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On 18 October 2023, Andrea Jakes, Mark Firmin and Joanne Hewitt-Schembri of Alvarez & Marsal Europe LLP were appointed as Joint Administrators ("Joint Administrators") of Volta Trucks Limited ("the Company").

The Joint Administrators have been appointed to manage the Company's affairs, business, and property. The Joint Administrators act as agents of the Company without personal liability.

Please direct all enquiries to:
Email: INS_VOLTTL@alvarezandmarsal.com

The Companies' affairs, business and property are being managed by the Joint Administrators, Andrea Jakes, Mark Firmin and Joanne Hewitt-Schembri, who act without personal liability.

Our Privacy Notice is available at www.alvarezandmarsal.com/privacy-notice