About Volvo Trucks
Volvo Trucks is a company based in Goteborg (Sweden) founded in 1928. It operates as a Direct-to-Consumer (D2C), and Managed Services. Volvo Trucks has completed 1 acquisition, including Jiangling Heavy-Duty Truck. Volvo Trucks offers products and services including Volvo FH Aero, Volvo FH Aero Electric, and Volvo FMX. Volvo Trucks operates in a competitive market with competitors including Scania, Einride, Volta Trucks and UniCarriers, among others.
- Headquarter Goteborg, Sweden
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Ab Volvo
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$7.51 M (USD), Grant
Jul 20, 2023
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Investors
U.S. Environmental Protection Agency
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Volvo Trucks
Volvo Trucks offers a comprehensive portfolio of products and services, including Volvo FH Aero, Volvo FH Aero Electric, and Volvo FMX. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Heavy-duty truck designed for long-haul transport efficiency.
Electric truck built for sustainable long-haul operations.
Rugged truck tailored for demanding construction site tasks.
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Funding Insights of Volvo Trucks
- Total Funding Total Funding
- Total Rounds 10
- Last Round Grant — $7.5M
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First Round
First Round
(01 Oct 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2023 | Amount | Grant - Volvo Trucks | Valuation |
investors |
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| Apr, 2023 | Amount | Grant - Volvo Trucks | Valuation |
investors |
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| Apr, 2023 | Amount | Grant - Volvo Trucks | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Volvo Trucks
Volvo Trucks has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include U.S. Environmental Protection Agency, Air Quality Management District and European Union. 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 |
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Founded Year | Domain | Location | |
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Air quality management services are provided for regulatory compliance.
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Founded Year | Domain | Location | |
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Environmental protection and regulation are managed nationwide by the agency.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Volvo Trucks
Volvo Trucks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Jiangling Heavy-Duty Truck. 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 |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Heavy-duty tractors and fuel trucks are manufactured in China.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Volvo Trucks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Volvo Trucks Comparisons
Competitors of Volvo Trucks
Volvo Trucks 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 Scania, Einride, Volta Trucks and UniCarriers, 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 |
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| domain | founded_year | HQ Location |
Commercial vehicles including trucks and buses are manufactured and serviced.
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Autonomous electric trucks are manufactured for freight and emissions management.
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| domain | founded_year | HQ Location |
Electric trucks with sustainable features are developed by Volta Trucks.
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| domain | founded_year | HQ Location |
Manufactures and distributes forklift trucks for business use worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Volvo Trucks
Frequently Asked Questions about Volvo Trucks
When was Volvo Trucks founded?
Volvo Trucks was founded in 1928 and raised its 1st funding round 88 years after it was founded.
Where is Volvo Trucks located?
Volvo Trucks is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Who is the current CEO of Volvo Trucks?
Martin Lundstedt is the current CEO of Volvo Trucks.
What does Volvo Trucks do?
Volvo Trucks is involved in the design, production, and distribution of heavy-duty commercial vehicles for various industries, including long-haul transport, construction, and urban delivery. Solutions are offered in diesel, electric, and gas-powered models to address diverse operational needs. Emphasis is placed on sustainability, safety, and productivity through innovations like connected services and driver support systems. Operations span multiple regions globally, with a focus on reducing emissions and enhancing road safety.
Who are the top competitors of Volvo Trucks?
Volvo Trucks's top competitors include Einride, Scania and Volta Trucks.
What products or services does Volvo Trucks offer?
Volvo Trucks offers Volvo FH Aero, Volvo FH Aero Electric, and Volvo FMX.
How many acquisitions has Volvo Trucks made?
Volvo Trucks has made 1 acquisition, including Jiangling Heavy-Duty Truck.
Who are Volvo Trucks's investors?
Volvo Trucks has 4 investors. Key investors include U.S. Environmental Protection Agency, Air Quality Management District, European Union, and Bund.de.