In a surprising turn of events, Luxor Capital Group, a hedge fund holding shares and lending funds to Volta Trucks, has emerged as the potential savior of the troubled London-based commercial EV startup. Volta Trucks, known for its ambitious vision of revolutionizing the commercial trucking industry with its Volta Zero, faces the grim prospect of bankruptcy. However, Luxor’s interest could inject new life into the struggling company, potentially safeguarding numerous jobs in the United Kingdom.
Volta Trucks, which began with just a vehicle design sketch in 2019, quickly progressed to the… Read more…