GOTHENBURG, Sweden, June 12,
2023 /PRNewswire/ -- Volvo Group Venture Capital
AB invests in the Madrid based
company Trucksters, a transport operator focused on providing
long-distance transportation through an innovative truck relay
system based on big data and artificial intelligence.
"The company Trucksters is using advanced algorithms and AI to
manage long-haul relay transportation through Europe providing faster, safer and more
sustainable transports. We are impressed by what Trucksters
have accomplished and see that Volvo Group can add considerable
strategic value to the development of their business. With a
growing need for freight transportation, relay systems can provide
a solid structure for electrification of long-haul transportation
as well as for autonomous solutions in the future," says
Martin Witt, President of Volvo
Group Venture Capital.
Founded in 2018 by Luis Bardají, Gabor Balogh and Ramón Castro,
Trucksters' goal is to make the global road freight industry more
efficient and to improve the quality of life for drivers. The
Trucksters service reduces long-distance road transit time by up to
50% by allowing trucks to be continuously on the move through
relays. Today the fast-growing company is managing four logistics
corridors from Spain to Western
and Eastern Europe and the UK.
Through the corridors, Trucksters has fixed relay points where a
truck exchanges its semi-trailer with another truck, avoiding stops
and enabling the driver to come back home.
"The investment from Volvo Group Venture Capital as a great
milestone for Trucksters. We share many core values such as safety,
driver focus, sustainability and electrification are delighted to
be able to start this new phase together," says Luis Bardají, CEO
of Trucksters.
"Our collaboration will allow us to implement
technological advances that will improve safety in freight
transport and, at the same time, encourage the adoption of electric
trucks for a more sustainable industry."
Volvo Group Venture Capital was founded in 1997 and invests
globally in startup and scaleup companies. The aim is to drive
transformation by facilitating the creation of new services and
solutions and to support collaborations between innovative
companies and the Volvo Group. The market trends shaping the future
of transportation and the strategic priorities of the Volvo Group
define the investment focus areas: Logistics Services, Site
Solutions, Electrification, and Climate Tech.
The transaction has no significant impact on the Volvo Group's
earnings or financial position.
June 12, 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 473
billion (EUR 45 billion).
Volvo shares are listed on Nasdaq Stockholm.
The following files are available for download:
https://mb.cision.com/Main/39/3784716/2120276.pdf
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SOURCE AB Volvo