{"id":284389,"date":"2023-10-21T20:14:31","date_gmt":"2023-10-21T18:14:31","guid":{"rendered":"https:\/\/climatescience.press\/?p=284389"},"modified":"2023-10-21T20:14:35","modified_gmt":"2023-10-21T18:14:35","slug":"hundreds-of-jobs-at-risk-after-electric-lorry-start-up-files-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=284389","title":{"rendered":"Hundreds of jobs at risk after electric lorry start-up files for\u00a0bankruptcy"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Volta Trucks has begun search for insolvency experts following collapse of main battery supplier. A wave of EV start-ups have emerged in recent years amid booming interest in green technologies and ready access to venture capital funding.<\/em><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

What was it they were saying about all of those green jobs?<\/mark><\/em><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Hundreds of British jobs are at risk after a Swedish electric truck start-up filed for bankruptcy.<\/em><\/p>\n\n\n\n

Volta Trucks, <\/em>which had been developing a 16-tonne all-electric vehicle<\/em><\/a>, said it had filed for bankruptcy in Sweden after its main battery supplier collapsed.<\/em><\/p>\n\n\n\n

Its UK division is also applying for administration and intends to appoint insolvency experts Alvarez & Marsal. The collapse puts roughly 600 British jobs at risk. The majority of Volta\u2019s 850 staff were based in the UK, largely in the Midlands.<\/em><\/p>\n\n\n\n

The company said: \u201cVolta Trucks accomplished a great deal from a standing start in 2019, revolutionising commercial vehicle operations for a sustainable future.<\/em><\/p>\n\n\n\n

\u201cHowever, like all scale-ups in the EV manufacturing sector, Volta Trucks has faced challenges along the way.\u201d<\/em><\/p>\n\n\n\n

It is the latest electric vehicle company to run into difficulties. A wave of EV start-ups have emerged in recent years amid booming interest in green technologies and ready access to venture capital funding.<\/em><\/p>\n\n\n\n

However, many of them have since gone bust as economic conditions worsened and interest rates have risen. Others have experienced lengthy production delays.<\/em><\/p>\n\n\n\n

https:\/\/www.telegraph.co.uk\/business\/2023\/10\/17\/600-uk-jobs-risk-swedish-electric-lorry-bankruptcy\/<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Volta Trucks has begun search for insolvency experts following collapse of main battery supplier. A wave of EV start-ups have emerged in recent years amid booming interest in green technologies and ready access to venture capital funding. From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood What was it they were saying about […]<\/p>\n","protected":false},"author":121246920,"featured_media":284394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Volta Trucks has begun search for insolvency experts following collapse of main battery supplier. A wave of EV start-ups have emerged in recent years amid booming interest in green technologies and ready access to venture capital funding.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691823855,691818526,691823854,691823853,691823852,691823856],"class_list":{"0":"post-284389","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-alvarez-marsal","9":"tag-bankruptcy","10":"tag-battery-supplier","11":"tag-electric-lorry","12":"tag-swedish-electric-truck","13":"tag-volta","15":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/image-571.png?fit=2000%2C1000&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1bYV","jetpack-related-posts":[{"id":349407,"url":"https:\/\/climatescience.press\/?p=349407","url_meta":{"origin":284389,"position":0},"title":"Electric bin lorry bursts into flames in central London","author":"uwe.roland.gross","date":"29\/10\/2024","format":false,"excerpt":"An electric bin lorry burst into flames in central London on Monday morning, forcing roads in the West End to close. 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