CampX by Volvo Group kicks off a new Incubator track in Gothenburg in Sweden this week. Early-stage startups with promising cutting-edge technologies are invited to collaborate to bring their new innovations to life, with help to scale tech and take it to market.
Partnering with automakers gives mobility startups access to potential customers, vendors, suppliers, and investors.
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 with Volvo Group expert teams – within Engineering, Legal, Intellectual Property and Purchasing – to validate their product-market fit. Using a demand-driven innovation approach significantly decreases the time needed for product and strategy development.
Volvo Group is committed to supporting startups in developing viable and impactful innovations focusing on sustainability, specifically via electromobility, autonomous vehicles and digital solutions.
The startups work alongside many Volvo Group expert engineers, providing vital access to mentoring, networks and business insights.
Helene Niklasson, Head of CampX at Volvo Group, shares,
"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.”
And, according to Lars Stenqvist, Chief Technology Officer of Volvo Group, one of the biggest benefits of the incubator is to help startups accelerate their innovations at speed:
“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.”
Startups in the first batch
The first batch of Incubator startups is working across a targeted range of prioritised high-tech areas. They are:
- Radchat who is working with technology that enables radars to communicate to get precise positioning in, for example, underground mines.
- Repli5, whose software automates the creation of 3D environments for simulation.
- Kite Thermodynamics who is 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.