# Volvo Cars

> Volvo Cars is a VC fund in Göteborg backing Automotive and CleanTech. See 9 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Göteborg, Sweden
- Total investments: 9
- Last investment: Aug 2024
- Lead investor: 56%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/volvocars
- X (Twitter): https://twitter.com/volvocars
- Website: http://www.volvocars.com/
- Facebook: http://www.facebook.com/Volvo

Volvo Cars is a VC fund in Göteborg focused on Automotive and CleanTech. The first mass-produced Volvo car rolled off the production line in Gothenburg in 1927. Since then, they have delivered a steady stream of cars equipped with world-leading innovations. Today, they are one of the most well-known and respected car brands in the world with sales in about 100 countries.Volvo Car Group (Volvo Cars) is owned byZhejiang Geely Holding (Geely Holding) of China. Volvo Cars formed part of the Swedish Volvo Group until 1999 when Ford Motor Company bought the company. In 2010, Geely Holding acquired Volvo Cars.They produce premium cars with the following body types: Sedans, Estates/Sportswagons, Cross Country vehicles, SUVs, and Convertibles. Their cars are characterized by intuitive, human-focused, functional Scandinavian design and good craftsmanship.Relative to the strength of the brand, Volvo Cars is a small producer with global sales reaching 421,951 cars in 2012. Their largest markets are the United States, Sweden, China, Germany, and the UK. Their corporate and brand strategy is ”Designed Around You” and puts people at the heart of everything they do.As a responsible company, they want to contribute to a more sustainable society. To ensure that they are in harmony with customers and society, they do their part by spearheading the development of sustainable mobility - from plug-in hybrids and all-electric cars to active cooperation in a partnership project on road trains.They are proud to continuously deliver world-first solutions; innovations that put people first, by saving and simplifying their lives. Volvo Cars was owned by AB Volvo until 1999 when it was acquired by the Ford Motor Company as part of its Premier Automotive Group. Geely Holding Group then acquired Volvo Cars from Ford in 2010.

## Contacts

5 contacts available for Volvo Cars. Shizune tracks 9 team members at Volvo Cars. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/volvo-car-corporation?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Automotive | 3 | 33% |
| CleanTech | 2 | 22% |
| Manufacturing | 2 | 22% |
| Electric Vehicle | 2 | 22% |
| Renewable Energy | 2 | 22% |

16 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 22% |
| Corporate Round | 2 | 22% |
| Series A | 1 | 11% |
| Funding Round | 1 | 11% |
| Post-IPO Debt | 1 | 11% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Sweden | 5 | 56% |
| Finland | 1 | 11% |
| United States | 1 | 11% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Casper Wickman | Project Leader - Data Driven User Experience | 0 | https://shizune.co/investors/profile/casper-wickman |
| Cliff Everingham | Mobile Network Operator Service Owner & Technology Manager | 0 | https://shizune.co/investors/profile/cliff-everingham |
| Dan Cath | Head of Business & Product - AI | 0 | https://shizune.co/investors/profile/dan-cath |
| Hakan Samuelsson | CEO | 0 | https://shizune.co/investors/profile/hakan-samuelsson |
| Jyoti Malhotra | Managing Director | 0 | https://shizune.co/investors/profile/jyoti-malhotra-c2bf |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| HaleyTek | HaleyTek is a software company that creates android automotive-embedded software platforms for a wide range of cars. |  | Secondary Market | Aug 01, 2024 |  |
| Syre | Syre is a textile impact company that focuses on hyperscale textile-to-textile recycling, beginning with polyester. | $100M | Series A | May 23, 2024 |  |
| Polestar | Polestar is an electric performance brand, focused on uncompromised car design and technology. A Volvo subsidiary, Polestar is at the center of Electromobility, introducing world-class electrified cars and innovative, customer- focused services and offers.Polestar is set to launch a range of electric vehicles. Polestar 1 will begin production in2019 whilst Polestar 2 and 3 are already at advanced stages of development. | $450M | Post-IPO Debt | Nov 08, 2023 |  |
| Holyvolt | Holyvolt is a technology company that offers nano paste screen printing technology for efficient energy extraction and storage. | $9.1M | Seed | Oct 23, 2023 |  |
| Polestar | Polestar is an electric performance brand, focused on uncompromised car design and technology. A Volvo subsidiary, Polestar is at the center of Electromobility, introducing world-class electrified cars and innovative, customer- focused services and offers.Polestar is set to launch a range of electric vehicles. Polestar 1 will begin production in2019 whilst Polestar 2 and 3 are already at advanced stages of development. | $1.6B | Post-IPO Debt | Nov 03, 2022 |  |
| Polestar | Polestar is an electric performance brand, focused on uncompromised car design and technology. A Volvo subsidiary, Polestar is at the center of Electromobility, introducing world-class electrified cars and innovative, customer- focused services and offers.Polestar is set to launch a range of electric vehicles. Polestar 1 will begin production in2019 whilst Polestar 2 and 3 are already at advanced stages of development. |  | Corporate Round | Jul 12, 2021 |  |
| NOVO Energy | NOVO Energy specializes in manufacturing and supplying sustainable battery cells and systems. |  | Corporate Round | Jun 21, 2021 |  |
| Forciot | Forciot is a Finnish technology company that was born in December 2015 out of love for engineering challenges and sports. Group of leading wearable researchers from Tampere University of Technology and consumer electronics experts agreed to put their heart and passion into developing together unique innovation that would start a new era in wearablebusiness.They realized that world is lacking wearable technologies that could be part of products that people use every day, everywhere.Today there starts to be an overload of separate measurement gadgets offered for people to be carried around them to measure performance.Their vision is that in the future they do not need to carry separate performance wearable gadgets with us anymore while for example exercising. Instead, the measurement technology will be integrated directly into those sporting products, such as shoes or gloves, that they all are using when training anyway.They decided to start building this new era of wearables. On their view, most product manufacturer companies will also evidently become IOT-product manufacturers in the future. FORCIOT® with innovative solutions that are connected to internet, is the engineering partner for these companies to build the future IOT-products.For their business to business customers, they offer advanced and accurate REAL-TIME force, power, pressure, balance and weight measurement system that will take wearable world to the next level. They provide their customers the capability to utilize force related data that has not been available before. |  | Seed | Jan 30, 2019 |  |
| FreeWire Technologies | FreeWire Technologies is the leading manufacturer of battery-integrated EV charging stations and power solutions in the U.S. The Company’s fully-integrated Boost Charger plugs into existing and ubiquitous low-voltage utility service and delivers high-power charging in areas that typically require extensive grid upgrades. The Boost Charger’scombination of proprietary battery and power conversion technology enables ultrafast EV charging at all locations, freeing customers from the costs of providing fast charging using power directly from the electric grid. FreeWire has deployed battery-integrated chargers with Fortune 100 companies, commercial customers, fleets, retail locations, and gas stations across the U.S. and has partnered with bp pulse to deploy Boost Charger in its operations across the UK. |  |  | Oct 25, 2018 |  |

9 of 9 investments shown.

## Co-investors
- [Course Corrected](https://shizune.co/investors/profile/course-corrected) — VC Fund, 1 deal together
- [Giant Ventures](https://shizune.co/investors/profile/giant-ventures-global) — VC Fund, 1 deal together
- [Heraeus](https://shizune.co/investors/profile/heraeus) — VC Fund, 1 deal together
- [H&M Group Ventures](https://shizune.co/investors/profile/h-m-co-lab) — VC Fund, 1 deal together
- [IMAS Foundation](https://shizune.co/investors/profile/imas-foundation) — VC Fund, 1 deal together
- [Leitmotif](https://shizune.co/investors/profile/leitmotif) — VC Fund, 1 deal together

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## FAQ

### What does Volvo Cars invest in?

Volvo Cars invests primarily in Automotive, CleanTech and Manufacturing startups, most often at Seed and Corporate Round stage. Most of the 9 investments tracked by Shizune back companies in Sweden. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Volvo Cars?

Public channels for Volvo Cars include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Volvo Cars?

The team at Volvo Cars includes Casper Wickman (Project Leader - Data Driven User Experience), Cliff Everingham (Mobile Network Operator Service Owner & Technology Manager) and Dan Cath (Head of Business & Product - AI), among 9 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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