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    Volvo Cars Tech Fund logo

    Volvo Cars Tech Fund

    Gothenburg, SwedenFounded 2018
    www.volvocars.com/intl/tech-fund
    Mobility & TransportationAIClimate & EnergyManufacturingHardware & Semiconductors

    Volvo Cars Tech Fund is the corporate venture capital arm of Volvo Cars, making strategic minority investments in high-potential startups across mobility, electrification, AI, autonomous driving, and sustainability. Founded in 2018 and based in Gothenburg, Sweden, the fund invests directly from Volvo's balance sheet to support the company's long-term technology and sustainability strategy.

    30% of their portfolio is in Climate & Energy. Average disclosed round size is $39.5M (across 14 rounds with reported amounts).

    Find people at Volvo Cars Tech Fund on Goldilocks AI

    Portfolio

    20

    Fund Size

    —

    Top Stage

    Series C

    Last 12 Mo

    0

    Team

    AG

    Andrew Gilchrist

    Investment director

    AS

    Adam Saad

    Investment Associate

    SF

    Shkölqim Fejzi

    CEO Volvo Cars Tech Fund

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    23 investments
    CompanyRoundAmountDate
    Riiico logoRiiicoSeed—Jun 2025
    BBreathe Battery TechnologiesSeries B$21MMay 2025
    Neura Robotics logoNeura RoboticsSeries B—Jan 2025
    Syre logoSyreSeries A—May 2024
    Dcbel logoDcbelSeries B$50MAug 2023
    Dcbel logoDcbelUnknown—May 2023
    CorrActions logoCorrActionsUnknown$6MApr 2023
    Humane logoHumaneSeries C$100MMar 2023
    Humane Inc. logoHumane Inc.Series C$100MJan 2023
    Varjo logoVarjoSeries D$40MSep 2022
    Circulor logoCirculorSeries B$25MJun 2022
    Varjo logoVarjoSeries C—Aug 2020
    UVEye logoUVEyeUnknown$31MJul 2019
    Luminar logoLuminarSeries D$100MJul 2019
    Zūm logoZūmSeries C$40MFeb 2019
    FreeWire logoFreeWireSeries A$15MDec 2018
    Bcomp logoBcompSeries C——
    FreeWire Tech logoFreeWire TechSeries A$15M—
    Actasys logoActasysSeed$5M—
    Bcomp logoBcompSeries C——
    Bcomp logoBcompSeries A——
    AActasys IncSeed$5M—
    RemotiveLabs logoRemotiveLabsUnknown——

    Top Co-Investors

    bp ventures3 shared
    BMW i Ventures3 shared
    Top Tier Capital Partners2 shared
    Qualcomm Ventures2 shared
    Forerunner Ventures2 shared
    LG Technology Ventures2 shared
    SK Networks2 shared
    Tiger Global Management, LLC2 shared
    Kindred Ventures2 shared
    Hudson Bay Capital Management2 shared
    Tesi2 shared
    EQT Ventures2 shared
    Atomico2 shared
    Lifeline Ventures2 shared
    The Westly Group2 shared
    Airbus Ventures2 shared
    Porsche AG2 shared
    Zürcher Kantonalbank2 shared
    Verve Ventures2 shared
    Spike Ventures2 shared

    Last updated: 8 September 2026