Electric commercial vehicle manufacturer Volta Trucks has announced plans to expand its range of vehicles to four by 2025, with the addition of 7.5, 12 and 19-tonne variants to add to its existing 16-tonne Zero model.
Building upon the Volta Zero, Volta Trucks plans to expand its product portfolio with three additional variants.
The 16-tonne Volta Zero will be the first vehicle delivered, with pilot fleet trucks built by the end of 2021, and series production starting about 12 months afterwards. This vehicle is currently in the engineering development phase, with early prototype testing due to start shortly.
Production of the 16-tonne vehicle will be closely followed by the largest 19-tonne and mid-size 12-tonne variants in 2023. A pilot fleet of 7.5-tonne vehicles is expected to be launched for customer trials in the same year, with production commencing in late 2024. These later vehicles are currently in the early design development phase.
With the company’s focus on best-in-class vehicle safety with features for the driver and the surrounding ecosystem, all trucks will adopt the innovative low-seat central driving position with a glasshouse-style cab. This offers 220 degrees of visibility to maximise visual communication between the driver and vulnerable road users around the vehicle. Also, like the 16-tonne vehicle, all variants will be designed with optimised payloads, thus offering fleet managers the opportunity of using a reduced number of larger Volta Zero vehicles, and removing several smaller vans from their operations, thereby also having a positive effect on inner-city traffic congestion.
Road to Zero Strategy
The Volta Zero was launched in September 2020 and since then it has been welcomed by fleet managers and city legislators alike, with market demand extending beyond the initial London and Paris launch markets. For example, at the end of 2020, Volta Trucks announced what was believed to be Europe’s single largest purchase of full-electric large commercial vehicles with the sale of 1,000 Volta Zeros to Petit Forestier, Europe’s largest refrigerated commercial rental fleet. The orderbook had swelled to $260 million by January 2021 and continues growing on the back of increasing customer interest.
Volta Trucks plans to accelerate its market entry with a Europe-first strategy, followed by US and Asian cities. The Volta Zero was initially launched in the UK and France and is currently in Spain for a tailored roadshow with customers. Afterwards, it will be presented in Germany and North America over the summer, with other European markets including Netherlands, Italy, and Belgium to be confirmed by year end.
Volta Trucks expects to introduce the Volta Zero in all its four weight variants across all its core markets. Given the significant market demand for full-electric commercial vehicles, driven by customers’ needs and regulation, Volta Trucks targets to sell more than 27,000 units per year by the end of 2025, with volumes increasing further in the following years.
Demand has also been accelerated by Volta Trucks’ Truck as a Service (“TaaS”) proposition that aims to revolutionise the financing and servicing of commercial vehicle fleets. TaaS will offer fleet managers a frictionless way to electrify their fleets, with a single, affordable, monthly fee providing access to a full-electric Volta Zero, and all its servicing, maintenance, insurance and training requirements. It will even provide a replacement Volta Zero when needed, maximising the uptime and operational efficiency of the vehicle.
“We have seen huge success since launching the 16-tonne Volta Zero in September 2020,” said Essa Al-Saleh, chief executive officer of Volta Trucks. “We have significant tail winds with zero emission large commercial vehicles, thanks to forthcoming legislation changes that are driving demand, as well as many customers with uncompromising sustainability agendas wanting to purchase the most environmentally focused vehicles for their fleets. This has created a very strong order book that encourages us to rapidly accelerate our plans.
“When we launched the Volta Zero, we’d expected to be selling 5,000 vehicles a year with a single model by 2025. Given our pace of development, driven by customer demand, we clearly see the opportunity to expand the Volta Zero into a portfolio of vehicles to offer customers a wider selection of full-electric vehicle sizes, and to accelerate the change to zero emissions. This leads us to far more ambitious sales expectations, with more than five times the number of vehicles now expected to be built compared to our original proposal. That’ll see over 27,000 vehicles sold per year by 2025, and further volume growth afterwards.”
Founder and executive chairman of Volta Trucks, Carl-Magnus Norden, added: “When we created the company, we originally set out to decarbonise logistics operations, and to make city centres safer and more sustainable places to live and work in. But we originally believed that we couldn’t achieve this objective by ourselves, and we strongly encouraged other manufacturers on their journeys towards zero emissions.
“Over the past months though, we’ve seen unprecedented demand in the marketplace, confirming that our ambition resonates well with our customers, but we’ve also seen very few other start-ups or OEMs announcing new fully electric commercial vehicles in the medium and lower-heavy duty sectors. On this basis, we will have to deliver more of the decarbonisation of the logistics industry ourselves, and the launch of four separate fully electric commercial vehicles targeting more than 27,000 truck sales per year by 2025, just three years after starting production, is a very strong statement of intent to deliver on our original vision.”