Currently reading: UK-based Volta Trucks saved by venture fund

Swedish-owned electric truck start-up had blamed funding difficulties and supplier problems for its troubles

Hundreds of UK jobs at electric truck maker Volta Trucks Ltd, which went bust in October, have been saved after a purchase deal with Luxor Capital Group was agreed.

The venture fund was previously a shareholder and significant investor of the stricken firm's Swedish parent company, Volta Trucks AB.