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    Volvo Group Venture Capital logo

    Volvo Group Venture Capital

    Gothenburg, SwedenFounded 1997
    www.volvogroup.com/en/about-us/organization/volvo-group-venture-capital.html
    AILogistics & Supply ChainFintechCybersecurityMobility & Transportation

    Volvo Group Venture Capital invests in companies that are at the forefront of service orientation and product differentiation within the transport and infrastructure industries. Their strategy focuses on scalable solutions that drive transformation towards more sustainable solutions, with key investment areas including electrification, logistics services, site solutions, and climate tech.

    50% of their portfolio is in AI. Deal activity decreased year-over-year (1 deals in the last 12 months vs 2 prior). Average disclosed round size is $144.0M (across 8 rounds with reported amounts).

    Find people at Volvo Group Venture Capital on Goldilocks AI

    Portfolio

    10

    Fund Size

    —

    Top Stage

    Series C

    Last 12 Mo

    1

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    10 investments
    CompanyRoundAmountDate
    Waabi logoWaabiSeries C$750MJan 2026
    aifleet logoaifleetUnknown—Sep 2024
    Waabi logoWaabiSeries B$200MJun 2024
    TTruckstersSeries B$35MJun 2023
    ALT DRX logoALT DRXSeed$3.6MMar 2023
    Upstream logoUpstreamSeries C$62MAug 2021
    Apex.ai logoApex.aiSeries A$15.5MNov 2019
    Luminar logoLuminarUnknown—Jun 2018
    Cargomatic logoCargomaticSeed$8MJan 2015
    PPeloton TechnologySeries C$78M—

    Top Co-Investors

    Salesforce2 shared
    Uber2 shared
    Khosla Ventures2 shared
    Porsche Automobil Holding SE2 shared
    HarbourVest Partners2 shared
    G2 Venture Partners2 shared
    Export Development Canada2 shared
    Radical Ventures2 shared
    HSBC1 shared
    La Maison Partners1 shared
    Glilot Capital Partners1 shared
    Nationwide1 shared
    Nvidia1 shared
    bp ventures1 shared
    Intel Capital1 shared
    NVentures1 shared
    BlackRock1 shared
    BDC Capital's Thrive Venture Fund1 shared
    Incharge Capital1 shared
    TELUS Global Ventures1 shared

    Last updated: 15 April 2026