Volvo Group Venture Capital

Corporate VC Active Greensboro, United States Est. 1997
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Last updated 2026-06-18
Portfolio
3
in our dataset
Rounds participated
5
Rounds led
1
Rounds' value
$150.3M
total disclosed, rounds participated
Stages
A Round, C Round, F Round, E Round, G Round, B Round, D Round

About

Volvo Group Venture Capital (VGVC), the corporate venture arm of the Volvo Group, was established in 1997 and operates from Sweden and the U.S. The fund invests in early to growth-stage companies that support the future of transport and infrastructure, focusing on areas like electrification, logistics services, site automation, and climate technologies. VGVC seeks startups with scalable business models that align with Volvo's strategic priorities and long-term vision for sustainable mobility. In addition to capital, VGVC provides access to Volvo's industrial expertise and global ecosystem.

Portfolio · 3

CorrActions
Noninvasive Driver-monitoring Platform
Led ★ 1 round $7.3M committed Latest: 2023-12
Foretellix
Physical AI toolchain for training, validation and safety evaluation of autonomous vehicles.
3 rounds $117.0M committed Latest: 2023-12
Upstream Security
Cloud-based Security Platform for Connected and Autonomous Fleets
1 round $26.0M committed Latest: 2021-08

Investment activity

1 portfolio exit on record.

Portfolio by sector

Automotive & Mobility Technologies3
Cyber Security1

Q&A

What is Volvo Group Venture Capital's investment focus?
Volvo Group Venture Capital (VGVC) invests in early to growth-stage companies that support the future of transport and infrastructure, with a focus on electrification, logistics services, site automation, and climate technologies.
When was Volvo Group Venture Capital established?
Volvo Group Venture Capital was established in 1997.
Which stages does Volvo Group Venture Capital typically invest in?
Volvo Group Venture Capital invests across various stages, including A, B, C, D, E, F, and G Rounds.
Can you name some of Volvo Group Venture Capital's portfolio companies?
Volvo Group Venture Capital's portfolio includes companies such as CorrActions, a noninvasive driver-monitoring platform, and Foretellix, which develops physical AI toolchains for autonomous vehicles.
Has Volvo Group Venture Capital had any notable exits?
Yes, Volvo Group Venture Capital had an exit in February 2022 with the acquisition of Driivz by Gilbarco Veeder-Root. Driivz provides electric vehicle charging and energy management solutions.
What sectors does Volvo Group Venture Capital primarily invest in?
Volvo Group Venture Capital primarily invests in Automotive & Mobility Technologies and Cyber Security sectors.
Who are some of the key investment personnel at Volvo Group Venture Capital?
Key investment personnel at Volvo Group Venture Capital include David Hanngren and Erik Johansson, both serving as Investment Directors.
What kind of support does Volvo Group Venture Capital offer to its portfolio companies?
In addition to capital, Volvo Group Venture Capital provides access to Volvo's industrial expertise and global ecosystem.
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