- Funding body:
- Volvo Car Corporation and Volvo Group
- Maximum value:
- Application deadline:
- None specified
This programme has been established by the Volvo Car Corporation.
The launch of the Volvo Cars Tech Fund is part of a continued push for innovation by Volvo Cars and accelerates the company’s digital transformation. In 2018, Volvo Cars established a digital organisation in Silicon Valley, providing an additional centre of gravity for the company’s development of technology and services.
Objectives of Fund
The Volvo Cars Tech Fund provides strategic investments and global market access for innovative auto and tech start-ups from across the world.
The fund is particularly interested in mobility apps and services, distributed ML/AI and storage, safety and security, networking and connectivity platforms, fusion and HD mapping, sensors and drive computing.
Companies will benefit in several ways from participation in the programme, including associating with one of the world’s leading car makers, validating their technologies and accelerating the pace of achieving product market fit. In addition, start-ups may have the opportunity to benefit from Volvo Cars’ access to the Chinese car market, as well as potential access to Volvo Cars’ global network of automotive and technology partners.
The first strategic investment as part of the Tech Fund is a seed round investment into a California-based technology firm developing advanced sensors, underlining Volvo Cars’ growing presence in the technology hub of Silicon Valley.
Applicants can be at the seed stage or later in their development. The funder can provide access to investors, technology for vetting and data room for due diligence process. Volvo will take minority stakes in equity shares or equity-related investments to help turn ideas into businesses.
Levels of support for individual applicants are not stipulated.
Who Can Apply
The fund will invest in high potential auto and technology start-ups from around the globe.
Terms and Conditions
Full terms and conditions will be provided upon application.
Although there are no specific exclusions cited within the programme guidelines, those wishing to apply are advised to liaise with the funding provider in the first instance to discuss eligibility.
Part of a push for innovation and digital transformation by the company, the Volvo Cars Tech Fund aims to invest in strategic technology trends that are transforming the industry, such as artificial intelligence, electrification, autonomous driving and digital mobility services.
How To Apply
For more information interested parties are advised to contact the Volvo Cars team in Silicon Valley to discuss their idea. Applicants can email a pitch presentation to VCTF@volvocars.com