OEM : Automotive
Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. We are committed to shaping the future landscape of sustainable transport and infrastructure solutions. Our headquarter is located in Gothenburg, Sweden, and our shares are listed on Nasdaq in Stockholm, Sweden.
RemotiveLabs secures funding for automotive software platform enabling iteration and speed
Startup RemotiveLabs is set to ensure that all software engineers, independent of industrial background, can solve challenges and collaborate in the cloud using best-practice approaches in software development. The Malmö-based AutoTech company has secured funding of 900k Euro and is now ready to scale internationally.
Investors include Volvo Cars Tech Fund, Almi Invest and private investor Anette Saleskog. The new funding will be used to continue to develop the platform and to grow awareness in the global marketplace. “The status quo tooling is not only expensive, but also hindering innovation and lowering productivity. We see a great response to what we’ve built so far and now we are set to grow a global community with a developer-first mindset to software in automotive” adds Per Sigurdson, Co-Founder and CEO.
Varjo Raises $40 Million Series D Funding to Build a True-to-Life, Industrial Metaverse
Backed by EQT Ventures, Atomico, Volvo Car Tech Fund, Lifeline Ventures, and new strategic investors Mirabaud and Foxconn, the new capital will enable Varjo to build a true-to-life, industrial metaverse for all professionals. Varjo will use the funds for its R&D cloud services, namely Varjo Reality Cloud, the company’s XR streaming platform that was announced in April. The new capital will help the company continue to scale its software and hardware offerings across new enterprise verticals such as design & manufacturing, engineering, education, and healthcare.
Emulate sensors and mechatronics systems with Unity SystemGraph
Unity SystemGraph is a new graph-based authoring tool that represents systems through its components, such as lidar sensors and cameras, in Unity. Now robotics and engineering teams can more easily prototype systems, test and analyze their behavior, and make optimal design decisions without access to the actual hardware.
Circular Car Factories
The next big shift will be an environmentally friendly movement dubbed the “circular auto factory.” According to some experts, the circular cars initiative will reshape the auto industry during the next two decades, as OEMs and suppliers attempt to achieve net-zero carbon emissions across the entire vehicle life cycle.
The term “circular car” refers to a theoretical vehicle that has efficiently maximized its use of aluminum, carbon-fiber composites, glass, fabric, rubber, steel, thermoplastics and other materials. Ideally, it would produce zero material waste and zero pollution during manufacture, utilization and disposal.
One of the key elements of a circular car factory is a closed-loop recycling program where disassembly lines are housed in the same facility as traditional final assembly lines. All vehicle components and materials are remanufactured, reused and recycled at the end of life.
FourKites Secures $100M Series D Funding from THL, Qualcomm Ventures, Volvo Group and Zebra Technologies
FourKites, the #1 real-time supply chain visibility platform, today announced a new $100 million Series D financing round. The growth financing is led by Thomas H. Lee Partners, L.P. (“THL”), with participation from Qualcomm Ventures, LLC, Volvo Group Venture Capital AB and Zebra Technologies, as well as existing investors August Capital, CEAS Investments, Hyde Park Angels, Hyde Park Venture Partners and Bain Capital Ventures, bringing total capital raised to over $200 million. The funding heralds the advent of a new era in supply chain management, where automated, interconnected and collaborative global supply chains — spanning transportation, warehouses, stores, trucks and more — are powered and optimized by real-time visibility data and machine learning.