Volvo Group Venture Capital has invested in Autotech Ventures, an American venture capital fund focusing on startups in the ground transportation sector.
Autotech Ventures is a venture capital firm located in Silicon Valley managing over $200 million that focuses on the $3 trillion ground transportation sector with connected, autonomous, electrified vehicles and related mobility services which have created shifts in the industry.
The Autotech Ventures team combine deep knowledge and insights from the ground transport sector with vast experience from venture capital investing.
The investment provides Volvo Group Venture Capital with an enhanced deal flow but also access to deep industry knowledge and relevant networks.
The role of Volvo Group Venture Capital is to make investments in innovative companies at the forefront of service orientation as well as product differentiation and to support collaboration between startup companies and the Volvo Group.
Focus investment areas are today Autonomous Solutions, Connected Services and Electromobility. The scope is global with a focus on Europe and North America.