Volvo's financial services subsidiary has launched an accelerator with L Marks dubbed iLabX in order to access technology from startups.
Volvo Financial Services (VFS), the finance arm of automotive manufacturer Volvo, has launched an accelerator called iLabX that will be operated in partnership with corporate innovation services provider L Marks.
The initiative will invite 15 startups for each of four categories – technology that makes it easier for customers to buy Volvo products; purchase financing; digital technology to improve business performance; and a wildcard category – to pitch for a chance to join iLabX.
The full accelerator will be made…
