VOLVO launches a VC fund

VOLVO launches a VC fund to invest its way into the future. Working with an undisclosed amount of money, Volvo Cars Tech Fund will look to invest in startups it believes could help it keep pace in a shape shifting auto industry. Rather than try to develop everything with its own R&D team or buy components from suppliers, Volvo hopes to take an active role in shaping new ideas— and bring them into their fold.

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