Although newly formed, Volvo Financial Services' strategic investment arm is optimstic about the potential of mature technologies meeting more inviting valuations.
The Covid-19 crisis is validating the establishment of VFS Innovation Ventures by Volvo Financial Services (VFS), the finance-focused division of Sweden-headquartered commercial vehicle producer Volvo Group, according to Jason Miles, managing director of the corporate venturing unit.
VFS Innovation Ventures is based in North Carolina and concentrates on financial and mobility technology in addition to services that can help Volvo increase efficiency internally and for its customers and dealer network.
The unit was only launched in November 2019 but disclosed…
