Volvo

Volvo is a prominent manufacturer and developer of vehicles, including trucks, cars, buses, and construction equipment. The company is also involved in information technology, providing autonomous solutions and defense-related services. With a commitment to innovation and sustainability, Volvo focuses on advancing transportation and infrastructure solutions, ensuring that its offerings meet the evolving needs of its customers and the environment. Through its diverse portfolio, Volvo aims to lead in the development of efficient and sustainable mobility solutions.

Charlotta Modig

CFO

Dan Tram

Investment Director

Past deals in Self-driving

Waabi

Series B in 2024
Waabi is an artificial intelligence company based in Toronto, Canada, focused on developing autonomous driving technology for the transportation sector. Founded in 2021 by Raquel Urtasun, Waabi offers a self-driving solution called the Waabi Driver, specifically designed for integration with trucks. The company's technology aims to facilitate large-scale commercialization and safe deployment of autonomous vehicles in the logistics and transportation industries. By utilizing advanced deep learning, probabilistic inference, and complex optimization techniques, Waabi's software is capable of complex reasoning and is end-to-end trainable. This approach allows clients to test driving scenarios and safety-critical edge cases in a closed-loop simulator, significantly reducing the need for extensive real-world testing and enhancing safety and cost-effectiveness in the deployment of autonomous trucking solutions.

Waabi

Venture Round in 2023
Waabi is an artificial intelligence company based in Toronto, Canada, focused on developing autonomous driving technology for the transportation sector. Founded in 2021 by Raquel Urtasun, Waabi offers a self-driving solution called the Waabi Driver, specifically designed for integration with trucks. The company's technology aims to facilitate large-scale commercialization and safe deployment of autonomous vehicles in the logistics and transportation industries. By utilizing advanced deep learning, probabilistic inference, and complex optimization techniques, Waabi's software is capable of complex reasoning and is end-to-end trainable. This approach allows clients to test driving scenarios and safety-critical edge cases in a closed-loop simulator, significantly reducing the need for extensive real-world testing and enhancing safety and cost-effectiveness in the deployment of autonomous trucking solutions.

Aurora

Post in 2021
Aurora is a self-driving vehicle company providing a platform that brings software and data services to operate passenger vehicles. To move both people and goods, the company develops Aurora Driver, a platform that brings together software, hardware, and data services to operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. Aurora is backed by Amazon and Sequoia, among others, and partners with industry leaders including Toyota, Uber, Volvo, and Paccar. Aurora tests its vehicles in the Bay Area, Pittsburgh, and Dallas. The company has offices in those areas as well as in Bozeman, MT; Seattle, WA; Louisville, CO; and Wixom, MI.

AutoTech Ventures

Venture Round in 2019
Autotech Ventures, founded in 2013 and based in Menlo Park, California, is a venture capital firm focused on investing in startups within the ground transportation industry, which is valued at approximately $3 trillion. The firm targets companies operating in deep tech, mobility tech, autonomous systems, electrification, and related sectors. Autotech Ventures offers comprehensive support to its portfolio companies, providing not only capital to implement their business plans but also access to a vast network of industry contacts, including major corporate investors. Additionally, the firm supplies market intelligence on the evolving transportation landscape, aids in recruiting talent, and assists in securing further fundraising from other investors. By bridging the gap between rapidly innovating startups and traditionally slower-moving corporations, Autotech Ventures aims to facilitate the development of a new transportation future.
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