The company has renamed its corporate venturing unit Volvo Group Venture Capital, headed by Johan Carlsson (pictured), to reflect its broadened mandate, which includes being able to make acquisitions and take majority stakes.
Sweden-based commercial vehicle manufacturer Volvo Group has established a presence in North America for its rebranded corporate venturing unit and is eyeing setting up in Asia.
The company, which has appointed a San Francisco-based executive, has renamed its corporate venturing unit Volvo Group Venture Capital from Volvo Technology Transfer, to reflect its broadened mandate. Jonas Landström is listed as the San Francisco point of contact.
This expanded strategy opens the group up to do “majority investments and acquisitions as…
