Electric truck maker Volta Trucks said on Tuesday it has decided to file for bankruptcy proceedings in Sweden, after difficulties at suppliers made it hard for the startup to raise funds.
Volta, which is headquartered in Sweden and has operations in the United Kingdom, said the bankruptcy in August of electric vehicle parts supplier Proterra and uncertainty over its battery supplier had cut the number of trucks it was able to produce and made it hard to raise sufficient capital.
The electric truck maker had raised around 300 million euros from investors and said it had an order book of more than 5,000 vehicles. Volta Trucks had picked a factory in Austria to make its trucks and had been working toward mass production. In the last few years a number of other EV startups raised billions of dollars from investors, but most have struggled to get to mass production, and as fundraising has become tough for startups amid rising interest rates, a few have gone bankrupt including Proterra and Lordstown.British sports and fashion group Frasers is expanding its presence in Germany, the home of sportswear giant Adidas , through the purchase of the SportScheck chain, it said on Tuesday.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Sweden players take overnight flight home, start returning to clubs after shooting in BelgiumSweden players are returning to their clubs after taking an overnight flight home from Brussels following the suspension of their European Championship qualifier against Belgium at halftime because a gunman killed two Swedish nationals before kickoff
Lire la suite »
European Championship soccer qualifier between Belgium and Sweden abandoned after attack in BrusselsEuropean Championship soccer qualifier between Belgium and Sweden abandoned after attack in Brussels
Lire la suite »
Soccer match between Belgium and Sweden abandoned after deadly shooting in BrusselsA soccer match between host Belgium and Sweden has been abandoned at halftime after two Swedes were killed in a shooting in central Brussels before kickoff
Lire la suite »
Soccer match between Belgium and Sweden abandoned after deadly shooting in BrusselsA soccer match between host Belgium and Sweden has been abandoned at halftime after two Swedes were killed in a shooting in central Brussels before kickoff.
Lire la suite »
Gunman kills two Swedes in Brussels, prompting terror alert and halt of Belgium-Sweden soccer matchPolice in Belgium say a gunman has fatally shot two Swedes in Brussels.
Lire la suite »