Volvo Cars Tech Fund

Volvo Cars, the premium car maker, has an investment fund aimed at investing in high potential technology start-ups around the globe. The aim of the Volvo Cars Tech Fund is to invest in strategic technology trends that are transforming the industry, such as artificial intelligence, electrification, autonomous driving and digital mobility services.

Zaki Fasihuddin

CEO

Past deals in Automotive

Bcomp

Series C in 2024
Bcomp Ltd. is a manufacturer based in Fribourg, Switzerland, specializing in natural fiber composites. Founded in 2003, the company produces innovative products such as ampliTex, a natural flax fiber available in various forms, bCores, a lightweight wood core, and powerRibs, a reinforcement material made from natural fibers. Bcomp's technologies, developed from years of research and patented innovations, allow for the creation of structural components that can effectively replace traditional materials like aluminum and carbon fiber. The company serves diverse industries, including sports, automotive, acoustics, aerospace, electronics, design, and leisure, focusing on enhancing efficiency in weight, rigidity, shock absorption, and damping. Bcomp collaborates closely with its customers to tailor solutions that meet specific needs while continuing to strengthen its research and development efforts through academic partnerships.

Breathe Battery Technologies

Venture Round in 2024
Physics-based adaptive charging for software-defined batteries. We help the world’s leading automotive and consumer electronics brands deliver superior charging experiences. Our dream is that one day everyone will breathe clean air. That's why we make batteries better.

CorrActions

Series A in 2023
CorrActions is a technology company that specializes in a software-based platform designed to enhance human-machine interaction. This platform focuses on detecting, decoding, and transforming human brain signals to minimize errors in real-time. By leveraging artificial intelligence, CorrActions enables machines to better understand human behavior and improve learning efficiency. The applications of this technology span various industries, including aviation, automotive, medical, and technology, aiming to revolutionize the efficiency of both humans and machines through advanced brain-computer interface solutions.

Leadrive

Series C in 2023
LEADRIVE is a technology company specializing in the research, development, production, and sales of drive solutions for new energy vehicles, as well as high-performance domestic power semiconductor modules. The company develops advanced motor controllers and power modules tailored for new energy vehicles, which have been adopted by over ten models from leading domestic and international OEMs and Tier-1 suppliers. In addition to its focus on vehicle technology, LEADRIVE invests in innovative solutions for renewable energy sources, including wind and solar power, and energy storage systems. The company has achieved significant advancements in localizing power semiconductor modules and collaborates with Rohm Semiconductor to enhance the development of silicon carbide modules. This partnership aims to improve efficiency and performance across various applications, from semiconductor devices to vehicle-level integration.

CorrActions

Series A in 2023
CorrActions is a technology company that specializes in a software-based platform designed to enhance human-machine interaction. This platform focuses on detecting, decoding, and transforming human brain signals to minimize errors in real-time. By leveraging artificial intelligence, CorrActions enables machines to better understand human behavior and improve learning efficiency. The applications of this technology span various industries, including aviation, automotive, medical, and technology, aiming to revolutionize the efficiency of both humans and machines through advanced brain-computer interface solutions.

RemotiveLabs

Seed Round in 2022
RemotiveLabs is a developer of a cloud-based automotive software platform that aims to enhance the vehicle manufacturing process. The platform facilitates quick and agile software development, offering modern and user-friendly tools that enable vehicle manufacturers to take control of their software development and testing. By streamlining collaboration and improving efficiency, RemotiveLabs provides automotive companies with the resources needed to optimize their production workflows.

Varjo

Series D in 2022
Varjo specializes in developing advanced virtual reality (VR) and extended reality (XR) headsets that offer photorealistic visual fidelity and immersive experiences. Their innovative bionic display technology allows users to see virtual and augmented content with clarity comparable to the real world. Varjo's headsets feature low latency, high-definition stereo, and integrated eye tracking, enhancing the realism of virtual environments. The company serves a range of high-profile clients, including automotive and aerospace leaders, and aims to transform the way individuals work, learn, and interact in a future metaverse. Through its technology, Varjo is committed to elevating performance and emotional engagement in both professional and recreational settings.

StoreDot

Corporate Round in 2022
StoreDot Ltd. is an innovative battery developer based in Ramat-Gan, Israel, founded in 2012. The company specializes in creating extreme-fast charging (XFC) batteries for electric vehicles and other applications. Its technology utilizes proprietary nano-materials combined with organic and inorganic compounds to enhance electro-chemical properties, allowing for rapid charging capabilities. StoreDot's approach is inspired by nature and aims to replace traditional materials with advanced alternatives that offer improved physical, chemical, electrical, and optical properties. The company leverages artificial intelligence algorithms to optimize battery performance, catering to the growing demands of electric vehicles and mobile devices. With a strong team of scientists and engineering experts, StoreDot is positioned to lead advancements in battery technology and materials innovation across various industries.

Bcomp

Series B in 2022
Bcomp Ltd. is a manufacturer based in Fribourg, Switzerland, specializing in natural fiber composites. Founded in 2003, the company produces innovative products such as ampliTex, a natural flax fiber available in various forms, bCores, a lightweight wood core, and powerRibs, a reinforcement material made from natural fibers. Bcomp's technologies, developed from years of research and patented innovations, allow for the creation of structural components that can effectively replace traditional materials like aluminum and carbon fiber. The company serves diverse industries, including sports, automotive, acoustics, aerospace, electronics, design, and leisure, focusing on enhancing efficiency in weight, rigidity, shock absorption, and damping. Bcomp collaborates closely with its customers to tailor solutions that meet specific needs while continuing to strengthen its research and development efforts through academic partnerships.

Niron Magnetics

Venture Round in 2021
Niron Magnetics, Inc. is a manufacturer of advanced permanent iron nitride magnets, established in 2013 and based in Minneapolis, Minnesota. The company specializes in creating innovative magnetic materials that are designed to enhance performance and efficiency across various industrial applications, including motors and generators. Niron's iron nitride magnets offer significant advantages over traditional ferrite and NdFeB-based magnets, such as greater magnetization and higher magnetic flux density. This enables automotive and computer manufacturers to achieve reductions in size and weight for their motors without sacrificing power or torque. Additionally, Niron Magnetics collaborates with government entities and investors to support national security initiatives through its cutting-edge technology.

Luminar

Post in 2020
Luminar Technologies, Inc. is a vehicle sensor and software company based in Orlando, Florida, specializing in safety and autonomous technology for passenger vehicles and trucks. Founded in 2012, the company operates through two primary segments. The Autonomy Solutions segment focuses on designing, manufacturing, and selling lidar sensors along with related perception and autonomy software for original equipment manufacturers in various sectors, including automotive, commercial vehicles, and robo-taxis. Meanwhile, the Other Component Sales segment provides design, testing, and consulting services for non-standard integrated circuits, primarily serving government agencies and defense contractors. Luminar's advanced driver assistance systems enhance safety by offering detection capabilities for both low and high-speed driving scenarios.

Varjo

Series C in 2020
Varjo specializes in developing advanced virtual reality (VR) and extended reality (XR) headsets that offer photorealistic visual fidelity and immersive experiences. Their innovative bionic display technology allows users to see virtual and augmented content with clarity comparable to the real world. Varjo's headsets feature low latency, high-definition stereo, and integrated eye tracking, enhancing the realism of virtual environments. The company serves a range of high-profile clients, including automotive and aerospace leaders, and aims to transform the way individuals work, learn, and interact in a future metaverse. Through its technology, Varjo is committed to elevating performance and emotional engagement in both professional and recreational settings.

UVeye

Series A in 2019
UVeye Ltd. is a computer vision company that specializes in designing and manufacturing advanced vehicle inspection systems. Established in 2016 and based in Stamford, Connecticut, UVeye's technology employs high-resolution cameras and machine learning algorithms to scan vehicles quickly, identifying anomalies such as oil leaks, rust, and potential security threats like concealed weapons. The company's offerings include a stationary under vehicle inspection system and a lightweight mobile unit, both capable of generating 3D images of a vehicle's undercarriage. These systems are utilized in over 200 locations worldwide, including government facilities, dealerships, and vehicle fleets. UVeye's products also feature license plate recognition capabilities, storing vehicle information for future reference. The company has received support from notable investors, including major automotive manufacturers, emphasizing its importance in enhancing maintenance and security across various sectors.

Luminar

Venture Round in 2019
Luminar Technologies, Inc. is a vehicle sensor and software company based in Orlando, Florida, specializing in safety and autonomous technology for passenger vehicles and trucks. Founded in 2012, the company operates through two primary segments. The Autonomy Solutions segment focuses on designing, manufacturing, and selling lidar sensors along with related perception and autonomy software for original equipment manufacturers in various sectors, including automotive, commercial vehicles, and robo-taxis. Meanwhile, the Other Component Sales segment provides design, testing, and consulting services for non-standard integrated circuits, primarily serving government agencies and defense contractors. Luminar's advanced driver assistance systems enhance safety by offering detection capabilities for both low and high-speed driving scenarios.

Luminar

Venture Round in 2018
Luminar Technologies, Inc. is a vehicle sensor and software company based in Orlando, Florida, specializing in safety and autonomous technology for passenger vehicles and trucks. Founded in 2012, the company operates through two primary segments. The Autonomy Solutions segment focuses on designing, manufacturing, and selling lidar sensors along with related perception and autonomy software for original equipment manufacturers in various sectors, including automotive, commercial vehicles, and robo-taxis. Meanwhile, the Other Component Sales segment provides design, testing, and consulting services for non-standard integrated circuits, primarily serving government agencies and defense contractors. Luminar's advanced driver assistance systems enhance safety by offering detection capabilities for both low and high-speed driving scenarios.

Breathe Battery Technologies

Physics-based adaptive charging for software-defined batteries. We help the world’s leading automotive and consumer electronics brands deliver superior charging experiences. Our dream is that one day everyone will breathe clean air. That's why we make batteries better.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.