Volvo Cars Tech Fund will support developers of technology such as AI, electric vehicles and charging, autonomous driving and digital mobility.
Sweden-based carmaker Volvo Cars has launched an investment fund of undisclosed size called Volvo Cars Tech Fund to back technologies that could potentially transform the automotive industry.
Volvo Cars Tech Fund will focus on technologies such as artificial intelligence, electrification, autonomous driving and digital mobility services. Volvo recently launched a digital hub in Silicon Valley to augment its technology and services development.
The fund will invest globally and has already participated in a seed round for an undisclosed US-based advanced…
