(PTRA) – EV Maker Volta Vehicles Raises $43.5M In Collection B Funding, Broadcasts 2,500 Pre-Orders

Volta Vehicles, a number one electrical truck firm, introduced receiving new funding and shared an replace on order numbers Thursday morning.

What Occurred: The Swedish electrical car firm mentioned it had raised EUR 37 million ($43.58 million) in a Collection B funding spherical.

Luxor Capital Group, an present investor, led the Collection B spherical, which additionally noticed participation from Proterra (NASDAQ: PTRA) and Agility.

The corporate shared an replace of hitting greater than 2,500 pre-orders and hitting an order worth of greater than EUR 600 million. The order worth for Volta has doubled prior to now three months, the corporate reported.

“To have the ability to concurrently announce that we now have over 2,500 pre-orders for the full-electric Volta Zero, reveals that clients additionally perceive and share our mission to [revolutionize] and [decarbonize] metropolis [center] logistics and produce full-electric industrial autos to market as quickly as doable,”

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