"We were considering multiple forms of capital when we started. It just felt like the opportunity is so large that venture capital gives us the opportunity to take those risks upfront and have the possibility to generate an outsized return."
"We have seen a significant change in the dynamic. So definitely, when the American consumer sees an increase in fuel prices they try to move to solutions which are more friendly in terms of cost, especially in states like California."
The Volvo FH Aero Electric with Extended Range is powered by a newly designed electric rear axle that integrates two electric motors, all the necessary power electronics, a six-speed transmission, and a 13-tonne traditional axle.