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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.

    Average disclosed round size is $70.8M (across 17 rounds with reported amounts).

    Find people at Volvo Cars Tech Fund on Goldilocks AI

    Portfolio

    21

    Fund Size

    —

    Top Stage

    Series B

    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

    30 investments
    CompanyRoundAmountDate
    Neura logoNeuraSeries B—Jan 2026
    Riiico logoRiiicoSeed—Jun 2025
    BBreathe Battery TechnologiesSeries B$21MMay 2025
    Neura Robotics logoNeura RoboticsSeries B—Jan 2025
    Neura logoNeuraSeries B—Jan 2025
    Syre logoSyreSeries A—May 2024
    dcbel logodcbelSeries B$50MAug 2023
    dcbel logodcbelGrant—May 2023
    CorrActions logoCorrActionsUnknown$6MApr 2023
    Humane logoHumaneSeries C$100MMar 2023
    Humane Inc. logoHumane Inc.Series C$100MJan 2023
    Varjo Technologies logoVarjo TechnologiesSeries D$40MSep 2022
    Circulor logoCirculorSeries B$25MJun 2022
    FreeWire Technologies logoFreeWire TechnologiesSeries A$15MJan 2022
    Varjo Technologies logoVarjo TechnologiesSeries C—Aug 2020
    Luminar logoLuminarIpo$570MJan 2020
    UVEye logoUVEyeSeed$31MJul 2019
    Luminar logoLuminarSeries D$100MJul 2019
    ZUM logoZUMSeries C$40MFeb 2019
    UVEye logoUVEyeUnknown$31MJan 2019
    FreeWire logoFreeWireSeries A$15MDec 2018
    Bcomp logoBcompSeries C——
    Actasys logoActasysSeed$5M—
    Bcomp logoBcompSeries B$35M—
    Bcomp logoBcompSeries C——
    Page 1 of 2

    Top Co-Investors

    Plug and Play Tech Center6 shared
    BMW i Ventures5 shared
    Airbus Ventures4 shared
    Tesi3 shared
    EQT Ventures3 shared
    Atomico3 shared
    Lifeline Ventures3 shared
    Lingotto Investment Management3 shared
    C4 Ventures3 shared
    Vsquared Ventures3 shared
    HV Capital3 shared
    Delta Electronics Capital3 shared
    bp ventures3 shared
    Coatue Management LLC2 shared
    Western Technology Investment2 shared
    Top Tier Capital Partners2 shared
    Qualcomm Ventures2 shared
    Forerunner Ventures2 shared
    LG Technology Ventures2 shared
    SK Networks2 shared

    Last updated: 20 October 2026