EV startup Volta Trucks files for bankruptcy amid battery supply woes

Sometimes, despite the best of plans and intentions, businesses don’t make it. Unfortunately, this is true also for those who hope to change the world for the better. Earlier today, Swedish electric lorry startup Volta Trucks announced it had filed for bankruptcy, following the failure of its battery supplier this summer.  The security of the supply chain can make or break a hardware company — or market. We have seen massive delays in aircraft deliveries from OEMs when partners struggle with staff shortages, and the geopolitical vulnerability of the semiconductor value chain from the South China Sea has caused a…

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