About Volvo Cars
Volvo Cars is a company based in Goteborg (Sweden) founded in 1927 was acquired by Waylands in October 2018.. Volvo Cars has raised $1.07 billion across 25 funding rounds from investors including Geely Holding Group, European Union and Ministerstvo Hospodárstva Slovenskej Republiky. The company has 42,600 employees as of December 31, 2024. Volvo Cars has completed 2 acquisitions, including NOVO Energy and Zense Act. Volvo Cars operates in a competitive market with competitors including Aurora, Cruise, Polestar, NIO and BMW Group, among others.
- Headquarter Goteborg, Sweden
- Employees 42600 as on 31 Dec, 2024
- Stage Public
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Volvo Car Ab Class B
-
Annual Revenue
$36.29 B (USD)0.22as on Dec 31, 2024
-
Net Profit
$1.4 B (USD)17.99as on Dec 31, 2024
-
EBITDA
$4.37 B (USD)9.51as on Dec 31, 2024
-
Total Equity Funding
$1.07 B (USD)
in 25 rounds
-
Latest Funding Round
$286.15 M (USD), Grant
Apr 11, 2024
-
Investors
Geely Holding Group
& 5 more
-
Employee Count
42600
as on Dec 31, 2024
-
Investments & Acquisitions
NOVO Energy
& 1 more
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Volvo Cars
Volvo Cars is a publicly listed company on the OMXSTO with ticker symbol VOLCAR_B in Sweden, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Unlock access to complete
Unlock access to complete
Funding Insights of Volvo Cars
Volvo Cars has successfully raised a total of $1.07B across 25 strategic funding rounds. The most recent funding activity was a Grant round of $286.15 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 25
- Last Round Grant — $286.2M
-
First Round
First Round
(01 Apr 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Grant - Volvo Cars | Valuation |
investors |
|
| Jun, 2023 | Amount | Grant - Volvo Cars | Valuation |
investors |
|
| Jul, 2021 | Amount | Grant - Volvo Cars | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Volvo Cars
Volvo Cars has secured backing from 6 investors, including institutional investors. Prominent investors backing the company include Geely Holding Group, European Union and Ministerstvo Hospodárstva Slovenskej Republiky. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
|
Founded Year | Domain | Location | |
|
AMF is focused on providing secure pension and savings solutions.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Volvo Cars
Volvo Cars has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include NOVO Energy and Zense Act. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Lithium batteries for cars are provided through advanced energy solutions.
|
2021 | ||||
|
Autonomous driving solutions are developed through AI and SaaS platform.
|
2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Volvo Cars
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Volvo Cars Comparisons
Competitors of Volvo Cars
Volvo Cars operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Aurora, Cruise, Polestar, NIO and BMW Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI and SaaS-based self-driving solutions for autonomous vehicles are provided.
|
|
| domain | founded_year | HQ Location |
SaaS-enabled hardware and software for autonomous vehicles are developed.
|
|
| domain | founded_year | HQ Location |
Electric vehicles are manufactured and developed by Polestar.
|
|
| domain | founded_year | HQ Location |
AI-enabled electric vehicles and battery-swapping systems are developed by NIO.
|
|
| domain | founded_year | HQ Location |
Automotive manufacturing company
|
|
| domain | founded_year | HQ Location |
Self-driving vehicle solutions are developed and deployed for transportation.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Volvo Cars
Frequently Asked Questions about Volvo Cars
When was Volvo Cars founded?
Volvo Cars was founded in 1927 and raised its 1st funding round 88 years after it was founded.
Where is Volvo Cars located?
Volvo Cars is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Who is the current CEO of Volvo Cars?
Jim Rowan is the current CEO of Volvo Cars.
Is Volvo Cars a funded company?
Volvo Cars is a funded company, having raised a total of $1.07B across 25 funding rounds to date. The company's 1st funding round was a Grant of $785.87K, raised on Apr 01, 2015.
How many employees does Volvo Cars have?
As of Dec 31, 2024, the latest employee count at Volvo Cars is 42,600.
What is the annual revenue of Volvo Cars?
Annual revenue of Volvo Cars is $36.29B as on Dec 31, 2024.
What does Volvo Cars do?
Volvo Cars was founded in 1927 and is headquartered in Gothenburg, Sweden. Operations focus on the automotive sector, where vehicles and associated components are designed, produced, and distributed globally. Emphasis is placed on safety features and sustainable technologies in passenger cars. Leadership is provided by CEO Jim Rowan, overseeing international sales and manufacturing facilities across multiple continents.
Who are the top competitors of Volvo Cars?
Is Volvo Cars publicly traded?
Yes, Volvo Cars is publicly traded on OMXSTO under the ticker symbol VOLCAR_B.
How many acquisitions has Volvo Cars made?
Volvo Cars has made 2 acquisitions, including NOVO Energy, and Zense Act.
Who are Volvo Cars's investors?
Volvo Cars has 6 investors. Key investors include Geely Holding Group, European Union, Ministerstvo Hospodárstva Slovenskej Republiky, AMF, and Folksam.
What is Volvo Cars's ticker symbol?
The ticker symbol of Volvo Cars is VOLCAR_B on OMXSTO.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.