volvo group venture capital ab invests in optibus ltd, that develops and offers optimization software program for public transportation making plans and management
volvo group assignment capital ab invests in optibus ltd, that develops and offers optimization software program for public transportation making plans and control. the investment highlights the organizations’ shared dedication to sustainable bus fleets and extra green transportation operations.
excessive pleasant, sustainable public transportation can be done thru industry-huge digitalization and car electrification. as part of volvo institution, volvo group assignment capital’s investment in optibus quickens the digitalization and electrification of the global public transportation area. the optibus answer is in use in 1,000 cities in 26 nations across north and south the us, emea, and asia pacific. “optibus gives a scalable saas answer and has doubled its revenue yr over year. we’re inspired by way of the founders, the crew lifestyle, and the organisation’s achievements. we trust the volvo institution can upload full-size strategic value to the ongoing improvement of the commercial enterprise,” says christina brinck, investment director, volvo group undertaking capital.
the bus marketplace is reworking because of digitalization, electrification, and adjustments in enterprise models. superior software program answers are key for towns and bus operators to take benefit of the market development. optibus and volvo group will collaborate to create mutual strategic learnings and increase possibilities. “the collaboration with optibus will make a contribution to our efforts to guide clients with greater efficient and sustainable shipping answers,” says anna westerberg, president of volvo buses.
“we’re commemorated to get hold of this strategic investment from volvo group assignment capital to enable greener, extra green public transportation operations via higher software program infrastructure. among volvo organization, as a international oem with decades of shipping enterprise knowledge, and optibus, as an agile, speedy scaling saas organisation, this dating spurs the synergy had to boost digitalization and sustainable fleets,” says amos haggiag, ceo and co-founder of optibus.
volvo institution undertaking capital turned into based in 1997 and invests in undertaking businesses in north america and europe. the aim is to power transformation via facilitating the introduction of latest offerings and answers and to guide collaborations between start-americaand the volvo group. the marketplace trends shaping the destiny of transportation and the strategic priorities of the volvo institution outline the funding attention areas: logistics services, website online answers, electrification, and climate tech.
the transaction has no sizable impact on the volvo organization’s profits or financial function.