Wigge & Partners has advised Agility on the deal, while Shearman & Sterling advised Volta Trucks.
Volta Trucks, a leading and disruptive full-electric commercial vehicle manufacturer and services provider, has announced the successful conclusion of its Series B funding round, with €37 million secured in new capital.
The funding round was led by Luxor Capital with existing investors extending their investments and strategic partners joining the Volta Trucks journey, showing clear belief in the company’s future success, and endorsement of its strategy and potential.
Agility, a leading provider of supply chain services, innovation and investment, also became a first-time investor in Volta Trucks. Agility’s Volta investment is part of its broader strategy of investing in supply chain sustainability and resilience. Agility is focused on partnerships with companies that are developing cleaner commercial vehicles, mass-transit alternatives, freight marketplaces, and digital load-matching platforms – all intended to reduce CO2 emissions, congestion and fuel use.
The team from Wigge & Partners consisted of Henrik Wenckert (Picture – partner), Louise Sörelind (senior associate) and Filip Karlsson (associate).
The Shearman & Sterling team included partner Manuel Orillac, partner Carmelo Gordian and associate John Kurtz.
Involved fees earner: Carmelo Gordian – Shearman & Sterling; John Kurtz – Shearman & Sterling; Manuel Orillac – Shearman & Sterling; Filip Karlsson – Wigge & Partners; Louise Sörelind – Wigge & Partners; Henrik Wenckert – Wigge & Partners;