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UPDATE 1-Swedish startup Volta unveils electric truck, to manufacture in UK | Financial News - London South East

(Adds details, CEO quote)

By Supantha Mukherjee

STOCKHOLM, Sept 3 (Reuters) - Swedish startup Volta Trucks
unveiled on Thursday its Volta Zero, a 16-tonne electric truck,
with plans to start production in 2022 in the United Kingdom.

Following the success of companies such as Tesla in
popularising electric cars, truckmakers have also turned their
attention to electric vehicles, including Volvo and
Daimler as well as startups like Rivian and Nikola.

Trials will start next year with parcel delivery companies
such as DPDgroup in the UK and other firms in Europe and Volta
aims to put 500 vehicles on the road by 2022, CEO Rob Fowler
told Reuters.

"We are also well progressed with another seven or eight
customers," he said.

Volta said its trucks would feature advanced driver
assistance systems, 90% fewer mechanical parts than traditional
internal combustion engine vehicle and offer a range of 150 km
to 200 km on a single charge.

The company said the first Volta vehicle was manufactured by
Prodrive in Warwick, central England, and it was in talks with a
small number of suppliers for contract manufacturing of its
trucks.

It declined to give details about its current funding.
Fowler said the company was interested in raising funds to fuel
the capital-intensive business.

"We acknowledge there are challenges in this space, but
we're confident that we've got the right people around which
allows us to go out and raise money when we need to in the
future," he said.
(Reporting by Supantha Mukherjee in Stockholm; editing by Jason
Neely and Mark Potter)

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