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Volvo Group
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Short description

Manufacture of trucks, buses, construction equipment and marine, aerospace and industrial power systems

Founded in 1927
Founded in

Company type Public Public (VOLVB)
Company type

Industry Group transportation & logistics

Sector on-road vehicles

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters Sweden Gothenburg, Sweden
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City
State
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Parent Companies Volvo Group, Geely

Updated by Sunena Gupta at on 12/18/2023

Edited by Cleantech Group on 04/01/2025

Traction
  • 1 M&A items
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Customers
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Date Company
08/13/2013

District Government of Bogota, Colombia District Government of Bogota, Colombia

Volvo Bus Latin America has sold 200 hybrid buses to the Public Transportation System of Bogotá. The buses will be operating the city’s BRT system TransMilêmio.

Confirmed by District Government of Bogota, Colombia

Partnerships
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Date Partner Type
02/04/2025
Waabi Waabi
Partnership to develop and deploy autonomous trucks
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Confirmed by Waabi
Development Partner
Investment Rounds
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IPO INFORMATION

Date

10/19/2021

IPO status

Listed

IPO Type

IPO

Amount

Initial shares

Ticker symbol

VOLVB

Exchange listed

NASDAQ

Prospectus URL

Prospectus

Source URL

Source

Description

Volvo plans to go public to help fund electric vehicle efforts and transition to a direct to consumer model.

Date Investors Type Amount
07/23/2024 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
Funding to upgrade facilities in Pennsylvania to produce zero-emissions powertrain components for heavy duty vehicles
Grant $208,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

FL Electric Trucks

Volvo's first electric trucks are part of a pre-series developed in collaboration with select customers.

Pilot/Early Revenue
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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