Volvo Cars Tech Fund
Overview
Volvo Cars Tech Fund is the corporate venture capital arm of Volvo Cars, established in 2018 to invest in high-potential technology start-ups globally. The fund focuses on strategic technology trends transforming the automotive industry, including artificial intelligence, electrification, autonomous driving, and digital mobility services. By investing in these areas, the fund aims to accelerate Volvo Cars' transition to a fully electric car maker by 2030 and achieve net-zero greenhouse gas emissions by 2040. The fund's investment strategy targets early-stage companies, typically participating in seed, Series A, and Series B funding rounds. Investment sizes range from €1 million to €5 million, reflecting a commitment to nurturing innovative solutions that align with Volvo Cars' long-term objectives. Geographically, the fund has a diverse portfolio, with investments in Sweden, Germany, the United States, China, France, and the United Kingdom, among others. This global approach enables the fund to access a wide array of technologies and markets, fostering international collaboration and growth. Portfolio companies span various industries, including automotive, technology, energy, and sustainability. Notable investments include Neura Robotics, a German company specializing in cognitive robotics; Altris, a Swedish developer of sodium-ion batteries; and StoreDot, an Israeli firm pioneering extreme-fast charging battery technology. These investments exemplify the fund's commitment to supporting innovations that enhance Volvo Cars' product offerings and contribute to a sustainable future. The fund operates with a clear investment philosophy, seeking to partner with companies that offer strategic value and technological advancements. By leveraging its position within Volvo Cars, the fund provides portfolio companies with access to extensive industry expertise, resources, and a global market presence, facilitating accelerated growth and successful commercialization of their innovations.
Investment Focus
- Innovative automotive technologies
- Alignment with Volvo Cars' electrification and sustainability goals
- Early-stage companies (Seed, Series A, Series B)
Portfolio Companies
Reach Volvo Cars Tech Fund directly
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Unlock full contacts →Frequently asked questions about Volvo Cars Tech Fund
What sectors does Volvo Cars Tech Fund invest in?
Volvo Cars Tech Fund invests in Technology, Energy, Automotive, Software, E-commerce and Logistics, and is based in Mountain View, United States. Volvo Cars Tech Fund is listed as a corporate vc in the ConnectSafely investor database.
What stage does Volvo Cars Tech Fund invest at?
Volvo Cars Tech Fund backs companies at Seed, Series A and Series B, writing cheques of 1M - 5M.
Which regions does Volvo Cars Tech Fund invest in?
Volvo Cars Tech Fund invests across United States, United Kingdom, Germany, China, France and Sweden.
What companies has Volvo Cars Tech Fund invested in?
Volvo Cars Tech Fund's portfolio includes Altris, NEURA Robotics, StoreDot, PowerShare, Leadrive, Spectralics and CorrActions.
How do I contact Volvo Cars Tech Fund?
Volvo Cars Tech Fund's contact details — including LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of the team.
Last updated · Source: ConnectSafely investor database