Volvo Cars - About the company
Volvo Cars is a public company based in Gothenburg (Sweden), founded in 1927. It operates as a Manufacturer of car and products. Volvo Cars has raised $1.07B in funding from AMF and Folksam. The company has 1256 active competitors, including 111 funded and 171 that have exited. Its top competitors include companies like Tesla, Toyota and Mobileye.
Company Details
- Website
- www.volvocars.com
- Social
- Email ID
- *****@volvocars.com
- Phone Number
- +91 **********
- 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
Ranked
15th among 1256 active competitors
Annual Revenue
€0 - €1M as on Dec 31, 2020
Employee Count
31,165 as on Jun 30, 2026
Exit Details
Public
Legal entities associated with Volvo Cars
Volvo Cars is associated with 6 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
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 NORGE AS CIN: 910712799 , Norway, Active | Apr 20, 1956 | - | 353 (As on Dec 31, 2022) | |
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 Cars's IPO details
Volvo Cars got listed on Oct 29, 2021.
Click here to take a look at Volvo Cars's IPO in detail
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Volvo Cars's funding and investors
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
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 11, 2024 | 2495488 | Grant (prize money) | 6356633 | 7949734 | 2379867 | 1933229 |
Jun 15, 2023 | 3020895 | Grant (prize money) | 1146318 | 2685791 | 2291020 | |
Jul 01, 2021 | 3794175 | Grant (prize money) | 1991887 | 4541887 | 4322870 |
Access funding benchmarks and valuations. Sign up today!View details of Volvo Cars's funding rounds and investors
Volvo Cars' founders and board of directors
Founder? Claim ProfileVolvo Cars' employee count trend
Volvo Cars has 31,165 employees as of Jun 26. Here is Volvo Cars's employee count trend over the years:
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Volvo Cars's Competitors and alternates
Top competitors of Volvo Cars include Tesla, Toyota and Mobileye. Here is the list of Top 10 competitors of Volvo Cars, ranked by Tracxn score:
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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 | 88/100 | |
2nd | Toyota 1957, Plano (United States), Public | Manufacturer of automotive vehicles | - | 81/100 | |
3rd | Developer of automated driving systems and vehicle safety sensor technology | $530M | 79/100 | ||
4th | Manufacturer of electric cars | $550M | 78/100 | ||
5th |  Lucid 2007, Newark (United States), Public | Manufacturer of electric vehicles and related technologies for consumer markets | $1.13B | 78/100 | |
6th | Cruise 2013, San Francisco (United States), Acquired | Platform offering solutions for autonomous car | $7.72B | 75/100 | |
7th | Developer of LiDAR sensors and perception software for autonomous vehicles | $252M | 74/100 | ||
8th | Manufacturer of electric cars, sedans, SUVs, batteries, and rail transit | - | 74/100 | ||
9th | Pony.ai 2016, Fremont (United States), Public | The company specializes in developing autonomous driving technology for robotaxis, robotrucks, and POVs | $1.19B | 73/100 | |
10th |  Hyundai Motor Company 1967, Germany, Public | Manufacturer of diverse range of vehicles including sedans, SUVs, hatchbacks | - | 72/100 | |
15th | Volvo Cars 1927, Gothenburg (Sweden), Public | Manufacturer of car and products | $1.07B | 71/100 |
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Volvo Cars's Investments and acquisitions
Volvo Cars has made 33 investments in companies including RIIICO and Breathe Battery Technologies. Volvo Cars has also acquired 2 companies including NOVO Energy and Zense Act.Here is the list of investments & acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jun 12, 2025 | Investments | 2021 | Aachen (Germany) | |
May 07, 2025 | Investments | 2019 | London (United Kingdom) | |
Feb 07, 2025 | Acquisition | 2021 | Gothenburg (Sweden) |
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Reports related to Volvo Cars
Here is the latest report on Volvo Cars's sector:
News related to Volvo Cars
Filter this listMedia has covered Volvo Cars for a total of 144 events in the last 1 year, 99 of them have been about company updates and 8 about partnerships.
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Volvo Cars Q2 2026 Results: Cost Savings Ahead of Schedule Amidst Challenging EnvironmentPR Newswire•Jul 17, 2026•Volvo Cars
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Volvo Cars Reports Q2 Results Below Market Expectations Due to China ChallengesGrupoglobo•Jul 17, 2026•Volvo Cars
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Volvo EX60 Electric SUV Begins Customer Deliveries in EuropeElectric Cars Report•Jul 16, 2026•Volvo Cars
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CATL Launches Global Energy Circularity Commitment and Circular Battery Design GuidelinesBatteriesnews•Jul 03, 2026•Ellen MacArthur Foundation, Xiaomi, Volvo Cars, Google and 3 others
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Google Exceeds $1 Billion Africa Investment Target, Announces AI and Infrastructure InitiativesVCCircle•Jul 02, 2026•Google, Spaceflow, Volvo Cars, Y Combinator and 10 others
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