GOTHENBURG, Sweden, March 9,
2023 /PRNewswire/ -- CampX by Volvo Group is
a global concept designed to accelerate new technology and business
innovations for sustainable mobility by partnering with startup
companies. Volvo Group now has four innovation hubs located across
three continents - in France,
Sweden, India, and the USA - as we today announce the opening of the
new CampX Lyon in France.
Under the CampX concept, startups with promising technologies
for electric and autonomous vehicles and digital solutions are
invited to collaborate with Volvo's chief engineers and business
experts during short validation projects at the CampX innovation
hubs. CampX also offers an ecosystem where startups in an earlier
phase are provided with mentoring, networks, and business insights
by Volvo Group experts. Here they can validate their ideas and test
them out at laboratories, workshops and in test vehicles.
"Climate change is by far the biggest challenge of our
generation. At the same time, demand for transport and
infrastructure continues to grow and we must be able to meet this
demand with sustainable mobility solutions. Volvo Group is
therefore committed to the decarbonization of the transport
industry by developing innovative technologies within
electrification, automation, and digitalization. CampX is our
strategic engine to boost this transformation through partnerships
with innovating startups. We co-create to accelerate," says Lars
Stenqvist, Chief Technology Officer Volvo Group.
First launched in Gothenburg,
Sweden in 2019, there are now an additional three CampX by
Volvo Group innovation hubs located near the main Volvo Group
Research & Development sites in Bangalore in India, Greensboro in the USA, and Lyon
in France – which is opening today
near the headquarters of Renault Trucks.
CampX Lyon will focus mainly on decarbonization, urban
logistics, and uptime services to better support customer needs and
help tackle the many challenges posed by continuously growing
cities. With seven partnership agreements signed already, CampX
Lyon is on its way to validating and bringing new innovations to
market through the collaborations with startups.
Across all four of the CampX sites, engineers from Volvo Group
work cross-functionally on a variety of global projects. By using a
demand driven approach for new technology and business innovations,
the time spent on product and strategy development can be
significantly reduced.
About CampX
Since CampX started in 2019, more than 50 startups have
developed their ideas at CampX by Volvo Group. A new
Incubator track recently opened at the CampX Gothenburg hub,
for early-phase startups to mature their innovations. The CampX
concept is now available at Volvo Group's Research &
Development (R&D) facilities in Gothenburg in Sweden, Lyon in France, Bangalore in India, and Greensboro in the USA. The four CampX hubs across the world
benefit from shared networks and working methods.
Find out more about CampX by Volvo Group
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 473
billion (EUR 45 billion).
Volvo shares are listed on Nasdaq Stockholm.
The following files are available for download:
https://mb.cision.com/Main/39/3730094/1902413.pdf
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SOURCE AB Volvo