Volvo Cars Tech Fund

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.