Electric truckmaker Volta Trucks has been forced to declare bankruptcy following the collapse of its battery supplier Proterra earlier this year
Volta Trucks has initiated bankruptcy proceedings in Sweden due to the fallout of its battery supplier, Proterra, which itself declared bankruptcy in August 2023, according to a statement by the truck manufacturer. The unexpected turn of events severely disrupted Volta Trucks’ manufacturing plans, causing a significant reduction in projected vehicle production volume.
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