Volta Trucks CEO says company taking page from Apple, Tesla playbook - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Volta Trucks wants to electrify truck deliveries in cities. It's taking a page from Tesla and Apple's playbook to do it.

This story requires our BI Prime membership. To read the full article,Volta Trucks has its eye on the niche inner-city delivery market, where electric trucks could replace existing fleets without requiring a professional driver.

The 65-year-old's previous acts have included investments in real-estate, mobile telecom, private equity, and other manufacturing. To learn the automotive industry, he's teamed up with Kjell Walöen, Volta's chief technology officer, who spent a decade at Volvo as well several years at Polestar and Ford.

With a completely different powertrain in place, Volta's able to completely redesign much of truck with these different priorities in mind. It's not unlike Tesla's "front trunk" or a passenger bus. Perhaps most notably, however, is the drivers' seat. The operator is in the center of the cab, much lower to the ground , and has a near 180-degree front view.

"Our interest is not really in tying up all our capital in production," Norden quipped. "But also for speed. We want them to come to the market as soon as possible."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Samsung and tech companies are breaking into the advertising business - Business InsiderTech companies like Samsung are moving into the advertising business, relying on customer data to create targeted content — but it takes a lot more than that to succeed (by digitalshields) digitalshields
Source: BusinessInsider - 🏆 729. / 51 Read more »

Apple just hired a Warner Music executive to oversee its growing music business - Business InsiderWarner Music Group veteran Jeff Bronikowski said in a LinkedIn post late that he has joined Apple Inc as global head of strategic music initiatives.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Brandless is shutting down and refusing new orders - Business Insider'I'm proud of what we created at Brandless and the hard work and dedication of everyone on the team,' Brandless CEO Evan Price told Business Insider. I'm not at all surprised. I was a regular customer, buying a sizable amount of mostly grocery items every month. All of a sudden they began phasing out most of the products I was interested in. I completely stopped shopping there in October.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Farmers slam America's largest trucking brokerage with a $1.1 billion lawsuit - Business InsiderFarmers are accusing C.H. Robinson, the world's third-largest logistics company, of illegal business practices they claim defrauded them.
Source: BusinessInsider - 🏆 729. / 51 Read more »