Volvo Cars Tech Fund Invests In Ride Sharing Service For Children Zum
February 28, 2019 by Volvo![Volvo Cars Tech Fund Invests In Ride Sharing Service For Children Zum](images/articleimages/volvo-zum-ride-share-01-400.jpg)
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The Volvo Cars Tech Fund was launched last year and aims to invest in high-potential technology start-ups around the globe. It focuses its investments on strategic technology trends transforming the auto industry, such as artificial intelligence, electrification, autonomous driving and digital mobility services. Last year, the Volvo Cars Tech Fund announced its first investment - in Luminar Technologies, a leading start-up in the development of advanced sensor technology for use in autonomous vehicles, with whom Volvo Cars collaborates on the development of LiDAR sensing technology. Since that first investment, the Tech Fund has also invested in electric car charging firm Freewire as well as in Forciot, a Finnish firm that develops connected, printable and stretchable electronics. Companies benefit from participation by the Volvo Cars Tech Fund as they may gain the ability to validate technologies, accelerate market introduction, as well as potentially access Volvo Cars' global network and unique position in the Chinese car market.
posted on conceptcarz.com
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