Volvo Group Venture Capital invests in Optibus, a software company for efficient and sustainable bus operations

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GOTHENBURG, Sweden, July 5, 2022 /PRNewswire/ — Volvo Group Venture Capital AB invests in Optibus AG, which develops and supplies optimization software for the planning and management of public transport. The investment underscores the companies’ shared commitment to sustainable bus fleets and more efficient transportation operations.

Sustainable, high-quality public transport can be achieved through industry-wide digitalization and electrification of vehicles. As part of the Volvo Group, Volvo Group Venture Capital’s investment in Optibus is accelerating the digitalization and electrification of the global public transport industry. The Optibus solution is deployed in 1,000 towns in 26 countries in the North and South AmericaEMEA and Asia Pacific. “Optibus offers a scalable SaaS solution and has doubled its turnover year on year. We are impressed with the founders, the team culture and the company’s achievements. We believe that the Volvo Group can add tremendous strategic value to the company’s continued development,” says Christina BrickChief Investment Officer, Volvo Group Venture Capital.

The bus market is transforming due to digitalization, electrification and changes in business models. Advanced software solutions are essential for cities and bus operators to benefit from market development. Optibus and the Volvo Group will work together to create mutual strategic learning and growth opportunities. “Collaborating with Optibus will contribute to our efforts to support customers with more efficient and sustainable transportation solutions,” said Anna WesterbergPresident of Volvo Buses.

“We are honored to receive this strategic investment from Volvo Group Venture Capital to enable greener and more efficient public transport operations through better software infrastructure. Between the Volvo Group, as a global OEM with decades of expertise in the transportation industry, and Optibus as an evolving SaaS company, this relationship drives the synergy needed to advance digitalization and sustainable fleets,” says Amos HaggiagCEO and co-founder of Optibus.

Volvo Group Venture Capital was founded in 1997 and invests in venture capital companies North America and Europe. The aim is to drive transformation by facilitating the creation of new services and solutions and to support collaborations between start-ups and the Volvo Group. Market trends shaping the future of transport and the strategic priorities of the Volvo Group define priority areas for investment: logistics services, site solutions, electrification and climate technology.

The transaction has no material impact on the results or financial position of the Volvo Group.

July 5, 2022

Journalists requiring further information, please contact:
Claes EliassonVolvo Group Media Relations, +46 76 553 72 29

For more information, visit volvogroup.com
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The Volvo Group drives prosperity through transportation and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase uptime and the productivity of our customers. 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 nearly 95,000 people and serves customers in more than 190 markets. In 2021, net sales amounted to 372 billion Swedish crowns (37 billion euros). Volvo shares are listed on Nasdaq Stockholm.

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