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New Deal


Announced

Completed

Luxor Capital Group led a $260m Series C funding round in Volta Trucks.

Financials

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Transaction Value£191m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Sweden

Acquisition

Completed

Single Bidder

electric trucks

Cross Border

Minority

Private

Automobiles

Friendly

Private Equity

Synopsis

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Luxor Capital Group, a private equity firm, led a $260m Series C funding round in Volta Trucks, a full-electric commercial vehicle manufacturer, with participation from Agility and Waypoint Capital. “The successful and oversubscribed conclusion of our Series C funding round gives us a positive external validation of our journey. As an innovator and disruptor in commercial vehicles, we are working at industry-leading pace and have significant ambitions. Today’s closing of the Series C funding round, bringing €230 million into the company, gives us the financial runway to be able to deliver on all our goals as we transition from a start-up to a manufacturer of full-electric trucks. The confirmation of our orderbook of over 5,000 vehicles with an orderbook value exceeding €1.2 billion, gives us and our investors, confidence that our pioneering product and service offering is both wanted and needed by our customers,” Essa Al-Saleh, Volta Trucks CEO.

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