More than 50 startups have developed their
ideas at CampX, the global collaboration hub for innovations by
Volvo Group.
The concept gives promising startups a
physical place to explore and accelerate new ideas together with
Volvo Group using an entrepreneurial mindset. Now, Volvo Group is
taking the next step by adding a new track called Incubator where
early-stage startups are invited to further develop
innovations.
GOTHENBURG, Sweden, Feb. 9, 2023
/PRNewswire/ -- CampX by Volvo Group is a global
collaboration hub for innovations that was launched in Gothenburg, Sweden, in 2019, and has since
then been extended to four countries. The startups are working side
by side with many Volvo Group expert engineers, giving the startups
vital access to mentoring, networks and business insights.
By launching the new CampX Incubator, early-stage startups with
promising cutting-edge technologies will be invited to collaborate
for better support to bring their new innovations to life, to scale
them and take them to market. It continues to mark Volvo Group's
commitment to supporting startups in developing viable and
impactful innovations with focus on sustainability, specifically
via electromobility, autonomous vehicles and digital solutions.
"We are confident that the CampX concept can help catalyze an
urgent transformation of the transport industry towards a
sustainable future. Speed in innovation is perhaps the most crucial
factor on this challenging journey," says Lars Stenqvist, Chief
Technology Officer Volvo Group. "CampX is a strategic engine where
we can accelerate technology and business innovation through
partnerships. Our thousands of technical and business experts can
assist startups in co-creating and validating their new ideas, for
example by using our laboratories, test vehicles and
workshops."
The first batch of Incubator startups are working across a
targeted range of prioritized high-tech areas. They are:
- Radchat, a company working with technology that enable
radars to communicate to get precise positioning in for example
underground mines
- Repli5, whose software automates the creation of 3D
environments for simulation
- Kite, working with thermal management solutions for
electromobility to enable efficient cooling
- Fyrqom, a company working with automated tire pressure
measurement and management.
- Autonomous Knight, whose multi spectral camera enables
better all-weather vision.
"Ideas from startups such as these first five can lead to
important benefits for the transport industry. We help
entrepreneurs to validate their potential breakthrough solutions as
quickly as possible, to advance sustainable mobility," says
Helene Niklasson, Head of CampX at
Volvo Group. "By having these startups literally next to our Volvo
engineers, we thus encourage spontaneous interactions. Everyone
knows the best ideas are often brainstormed next to the coffee
machine."
About CampX
Since the start of CampX in 2019, Volvo Group has opened its
doors to more than 50 startups. They are running proof-of-value
projects, together with Volvo Group expert teams – within
Engineering, Legal, Intellectual Property and Purchasing – to
validate their product-market fit. By using a demand driven
innovation approach the time needed for product and strategy
development is significantly decreased. The CampX concept is
available at Volvo Group's Research & Development (R&D)
facilities in Gothenburg in
Sweden, Lyon in France, Bangalore in India, and Greensboro in North America. The Incubator, where early
startups get the opportunity to mature for a period, is first being
launched at the CampX Gothenburg hub.
Find out more about the CampX Incubator at the Volvo Group
website.
February 9, 2023
Journalists wanting further information, please
contact:
Claes Eliasson, Volvo Group Media
Relations, +46 76 553 72 29
For more information, please visit volvogroup.com
For frequent updates, follow us on Twitter: @volvogroup
The 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. Founded in 1927, the Volvo Group is committed to
shaping the future landscape of sustainable transport and
infrastructure solutions. The Volvo Group is headquartered in
Gothenburg, Sweden, employs more
than 100,000 people and serves customers in almost 190 markets. In
2022, net sales amounted to SEK 474
billion (EUR 45 billion).
Volvo shares are listed on Nasdaq Stockholm.
The following files are available for download:
https://mb.cision.com/Main/39/3711493/1836362.pdf
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SOURCE AB Volvo