Volvo's corporate venturing unit has contributed an undisclosed sum to mobility-focused venture capital firm Autotech Ventures, whose exits include Lyft and Deepscale.
Volvo Group Venture Capital, the corporate venturing subsidiary of automotive vehicle manufacturer Volvo, provided an undisclosed amount of capital for ground mobility-focused venture capital firm Autotech Ventures yesterday.
Founded in 2015, Autotech Ventures backs startups in areas related to ground transportation, such as autonomous vehicles, connectivity and online retail.
The firm currently has more than $200m under its management, having raised $77.5m in February this year for a second fund with a target size of $225m, according to a regulatory…
