When was Volvo Cars founded?

Volvo Cars was founded in 1927 and raised its 1st funding round 88 years after it was founded.

Where is Volvo Cars located?

Volvo Cars is headquartered in Gothenburg, Sweden. It is registered at Strømsveien 314, 0614, OSLO.

How many employees does Volvo Cars have?

As of Jul 31, 2026, the latest employee count at Volvo Cars is 31202.

Is Volvo Cars a funded company?

Volvo Cars is a funded company, having raised a total of $1.07B across 25 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Apr 01, 2015.

When was the latest funding round of Volvo Cars?

Volvo Cars' latest funding was a $***** Grant (prize money) round on Apr 11, 2024, with participation from 1 investor.

What is the annual revenue of Volvo Cars?

Annual revenue of Volvo Cars is less than €1M as on Dec 31, 2020

Where does Volvo Cars rank among its competitors?

Volvo Cars ranks 17th amongst 1301 active competitors, of which 111 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Lucid, which secured $750M in Apr, 2026.

Who are the top competitors of Volvo Cars?

Volvo Cars' top competitors include Tesla, Mobileye and Polestar. Among them, Lucid secured the most recent funding round in April, 2026.

Volvo Cars - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Website: www.volvocars.com
Social
Email ID: *****@volvocars.com
Phone Number: +91 **********
Part Of
Registered Address: Strømsveien 314, 0614, OSLO

Key Metrics

Founded Year

1927

Location

Gothenburg, Sweden

Stage

Public

Total Funding

$1.07B in 25 rounds

Latest Funding Round

Grant (prize money), Apr 11, 2024, $*****

Investors

AMF & 5 more

Ranked

17^th among 1301 active competitors

Annual Revenue

€0 - €1M as on Dec 31, 2020

Employee Count

31,202 as on Jul 31, 2026

Investment & Acquisitions

RIIICO & 35 more

Similar Companies

Toyota & 619 more

Exit Details

Public

View Volvo Cars' full profile

Volvo Cars is associated with 6 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VOLVO CAR BELGIUM NV CIN: 0420.383.548 , Belgium, Active	May 12, 1980	€1B+ (As on Dec 31, 2024)	6440 (As on Dec 31, 2023)	-
OLVO CIN: 40103063682 , Latvia, Deadpooled	Sep 23, 1992	€0 - €1M (As on Dec 31, 2020)	1 (As on Dec 31, 2020)	-
VOLVO CAR [THAILAND] COMPANY LIMITED CIN: 0105514003492 , Thailand, Active	Jun 11, 1971	$100M - $500M (As on Dec 31, 2023)	-
VOLVO NORGE AS CIN: 910712799 , Norway, Active	Apr 20, 1956	-	353 (As on Dec 31, 2022)
VOLVO AUTO INDIA PRIVATE LIMITED CIN: U29109HR2009FTC039243 , India, Active	Jul 01, 2009	₹1,000+ Cr (As on Mar 31, 2025)	-
Volvo Car AB CIN: 556810-8988 , Belgium, Active	Jun 06, 2010	€1B+ (As on Dec 31, 2023)	43446 (As on Dec 31, 2023)	-

Volvo Cars got listed on Oct 29, 2021.

Click here to take a look at Volvo Cars's IPO in detail

Volvo Cars has raised a total funding of $1.07B over 25 rounds. Its first funding round was on Apr 01, 2015. Its latest funding round was a Grant (prize money) round on Apr 11, 2024 for $*****. 1 investor participated in its latest round. Volvo Cars has 6 institutional investors.

Here is the list of recent funding rounds of Volvo Cars:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 11, 2024	3351659	Grant (prize money)	4574627	1525316	5175442	1342212
Jun 15, 2023	3077076	Grant (prize money)	3251421	4719915	6408121	Europa
Jul 01, 2021	2052056	Grant (prize money)	3652131	6563594	6088687	Europa

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View details of Volvo Cars's funding rounds and investors

Volvo Cars' employee count trend

Volvo Cars has 31,202 employees as of Jul 26. Here is Volvo Cars's employee count trend over the years:

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Top competitors of Volvo Cars include Tesla, Mobileye and Polestar. Here is the list of Top 10 competitors of Volvo Cars, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tesla 2003, Austin (United States), Public	Electric vehicle and clean energy solutions provider	$408M	Valor Equity Partners, Mercedes-Benz & 72 others	88/100
2nd	Mobileye 1999, Jerusalem (Israel), Public	Developer of automated driving systems and vehicle safety sensor technology	$530M	Sailing Capital, Eldan & 26 others	79/100
3rd	Polestar 1996, Torslanda (Sweden), Public	Manufacturer of electric cars	$550M	Chongqing Chengxing Equity Investment Fund, Zibo Financial Holding ... & 16 others	79/100
4th	Toyota 1957, Plano (United States), Public	Manufacturer of automotive vehicles	-	DPH Ventures, GE Capital & 1 others	77/100
5th	Lucid 2007, Newark (United States), Public	Manufacturer of electric vehicles and related technologies for consumer markets	$1.13B	Public Investment Fund, BAIC & 17 others	77/100
6th	Cruise 2013, San Francisco (United States), Acquired	Platform offering solutions for autonomous car	$7.72B	Honda, SoftBank Vision Fund & 39 others	74/100
7th	Innoviz 2016, Rosh Haayin (Israel), Public	Developer of LiDAR sensors and perception software for autonomous vehicles	$252M	Magna, China Merchants Capital & 31 others	74/100
8th	BYD 1994, Shenzhen (China), Public	Manufacturer of electric cars, sedans, SUVs, batteries, and rail transit	-	MidAmerican Energy, Berkshire Hathaway & 14 others	74/100
9th	Hyundai 1967, Seoul (South Korea), Public	Manufacturer of diverse range of vehicles including sedans, SUVs, hatchbacks	-	Ford, SJL Partners & 3 others	73/100
10th	Pony.ai 2016, Fremont (United States), Public	The company specializes in developing autonomous driving technology for robotaxis, robotrucks, and POVs	$1.19B	Toyota Motor, HongShan & 34 others	73/100
17th	Volvo Cars 1927, Gothenburg (Sweden), Public	Manufacturer of car and products	$1.07B	Tiberius Geldard, AMF & 4 others	70/100

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Volvo Cars has made 33 investments in companies including RIIICO and Breathe Battery Technologies. Volvo Cars has also acquired 3 companies including NOVO Energy and Zense Act.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 12, 2025	Investments	RIIICO	2021	Aachen (Germany)
May 07, 2025	Investments	Breathe Battery Technologies	2019	London (United Kingdom)
Feb 07, 2025	Acquisition	NOVO Energy	2021	Gothenburg (Sweden)