The Volvo Group Venture Capital has invested in Autotech Ventures, a leading American venture capital fund focusing on start-ups in the ground transportation sector. They manage over $200 million and focus on the $3 trillion ground transportation sector.
The Autotech Ventures is concentrating on the shifts created by the connected, autonomous, electrified vehicles and related mobility services. Anna Westerberg, acting CEO of Volvo Group Venture Capital and Senior VP, Volvo Group Connected Solutions said, “Through the co-operation with Autotech Ventures, we look forward to interact with more world-class start-ups transforming our industry.”
Dan Tram Investment Director, Volvo Group Venture Capital added that “the investment provides Volvo Group Venture Capital with an enhanced deal flow but also access to deep industry knowledge and relevant networks.”
Volvo Group Venture Capital invests in innovative companies at the forefront of service orientation as well as product differentiation to support collaboration with start-ups.
Based on the global trends and the group’s strategic priorities, the venture capital arm’s investment interest areas include autonomous solutions, connected services and electro-mobility with primary focus on Europe and North America.