Volvo Group Venture Capital invests in software for autonomous mobility

Volvo Group Venture Capital AB has invested in Apex.AI, a leading software company in autonomous mobility. The investment will fund the development of a safety-certified software framework for autonomous systems.

Apex.AI, a Palo Alto, California-based company founded in 2017, is building an automotive-grade version of ROS (Robot Operating System), an established open source software framework commonly used in robotics and autonomous systems research. By providing a safer and more reliable version of ROS that will be certified according to the functional safety standard ISO 26262, Apex.AI enables companies to take their autonomous vehicle projects into production.


"We are excited to invest in a company that enables easier development of safety-certified systems," says Anna Westerberg, acting CEO of Volvo Group Venture Capital and SVP Volvo Group Connected Solutions.

"Apex.AI has a promising product offering with important commercial deployment potential for autonomous systems," says Dan Tram, Investment Director of Volvo Group Venture Capital, who is based in Silicon Valley.

The role of Volvo Group Venture Capital is to make investments in innovative companies at the forefront of service orientation as well as product differentiation and to support collaboration between startup companies and the Volvo Group.

Based on the trends shaping the future of transportation and Volvo Group strategic priorities Volvo Group Venture Capital focus investment areas are today Autonomous Solutions, Connected Services and Electromobility. The scope is global with a focus on Europe and North America.

The transaction has no significant impact on the Volvo Group's earnings or financial position.

Featured Product

Harmonic Drive Introduces New Lightweight Versions of Select Gearhead Products.

Harmonic Drive Introduces New Lightweight Versions of Select Gearhead Products.

Harmonic Drive LLC, a leader in high precision motion control introduces new lightweight versions of select gearhead products. The new gearheads are ideal for designs where weight is a critical factor. Building on the success of Harmonic Drive LLCs current gear units, new lightweight versions were the next logical evolution of the CS/ SH product lines. With weight reductions of 20-30% without any reduction in torque ratings, the Lightweight (LW) gear units provide exceptional torque density.