Volvo Group Venture Capital invests in Optibus, a software company for efficient sustainable bus operations
Summary
G\xd6TEBORG, Sweden, July 5, 2022 /PRNewswire/ -- Volvo Group Venture Capital AB invests in Optibus Ltd, that develops and provides optimization software for public transportation planning and management. "The collaboration with Optibus will contribute to our efforts to support customers with more efficient and sustainable transport solutions," says Anna Westerberg, President of Volvo Buses. "We are honored to receive this strategic investment from Volvo Group Venture Capital to enable greener, more efficient public transportation operations through better software infrastructure. Between Volvo Group, as a global OEM with decades of transport industry expertise, and Optibus, as an agile, quickly scaling SaaS company, this relationship spurs the synergy needed to advance digitalization and sustainable fleets," says Amos Haggiag, CEO and co-founder of Optibus.Volvo Group Venture Capital was founded in 1997 and invests in venture companies in North America and Europe. 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 Groups earnings or financial position.For more information, please visit volvogroup.comFor frequent updates, follow us on Twitter: @volvogroupThe 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.