What makes CampX by Volvo Group truly unique is the ability to support your startup at every stage of your company journey, providing resources and guidance needed to thrive in our open innovation model. From nurturing ideas in the Venture Access to collaborating on proof of value projects through the Venture Client, and even building new businesses with the Venture Builder, we offer a comprehensive ecosystem that fosters innovation and growth. CampX is global and have hubs in Sweden, India, France and US.
Are your startup working within the sustainable mobility area developing a product or prototype?
Apply to the Volvo Group Venture Client to co-delevop and validate your solution. The projects are always connected to an immediate need or opportunity in our departments, and you will gain direct access to our engineers and managers. Thanks to the lean framework, a proof of value project will be set up as fast as possible. The CampX Venture Client has more than 150 Proof of Value projects with different startups in the portfolio, will you be the next?
In our venture client, we launch & run projects with partners within the sustainable mobility area. Together we will design a proof of value project with the operational department(s). By joining our venture client, you will gain the support of a world-leading enterprise within the transport industry, empowering and helping your business accelerate and grow while you develop your solution. You will also have access to our trucks, facilities, and data if required.
The goal is to create and get a shared proof of value project up and running as fast as possible. If we select your startup for our venture client, we will design a proof of value project together with the operational department(s). We walk you through the necessary steps to give you the opportunity to highlight your product and its unique features. Proof of value projects typically are within the 3-6 months range, fast and simple!
The CampX venture client is your gateway into the future of sustainable mobility and Volvo Group will be your customer during the process. You will develop solutions addressing problems and challenges in the sustainable mobility area. With Volvo Group as your customer, we will help you create the best version of your solution to incorporate in our products and solutions.
Are your startup developing solutions in the sustainable mobility area with focus on hardware and complex software solutions?
In the CampX Venture Access you will work side by side with the R&D teams of Volvo Group in the CampX innovation hub in Gothenburg, Sweden and have the possibility to co-create and validate your ideas quickly with real business needs. You also have the benefit of receiving mentoring from our chief engineers and senior managers as well as from former Volvo Group-employees-turned entrepreneurs in a strong peer-to-peer community of founders.
The CampX Venture Access enabled us to get exposure to c-level leadership at Volvo, with the CTO of Volvo Group using our product on stage
Two meetings with engineers at CampX saved us multiple months in gathering industry knowledge and in-depth understanding of the use cases.
The Venture Access program gave access to essential resources and network for early validation
Roman lustin CEO - Fyrqom
Meet Roman, founder of one of the startups in the CampX Venture Access.
With a tire pressure monitoring system, the driver is informed if one of the tires loses the pressure. Today rather few heavy-duty vehicles are equipped with such a system. From 2024 though there is a legal demand in Europe that all trucks and trailers should have such a system. Today the tire pressure monitoring system must be calibrated manually on every truck when they are built and when a tire is changed in a workshop. Roman Iustin, a Volvo Group engineer, had an idea on how to make this process more efficient with an automated calibration system.
Read more here: Volvo Group spins out new company Fyrqom AB
Through the CampX framework and Venture Builder process the Volvo Group product and business owners get support to validate and bring forward cases with high business potential. If market value is proven high a new venture is created, either inside Volvo or externally as spin out. Key to get speed is the cross functional established CampX network with Legal, IP strategy and Group Finance as well as Purchasing.
An idea/innovation can come from a Volvo Group Engineer/ Intrapreneur or IP portfolio. The Intrapreneur and Venture Builder core team will then validate the idea/innovation by testing the business case, technical feasibility, customer demand and much more. After the validation phase the team will start the work to turn the validated concept into a real product in the market.
The next step is to take the decision to go for spin out or fast track. Here the Venture Builder can support the company or hand over to line organization.
What makes CampX by Volvo Group truly unique is the ability to support your startup at every stage of your company journey, providing resources and guidance needed to thrive. From nurturing ideas in the Venture Access to collaborating on proof of value projects through the Venture Client, and even building new businesses with the Venture Builder, we offer a comprehensive ecosystem that fosters innovation and growth.
Read the full CampX Innovation Model here
Deep dive into the Innovation model
In this series of articles you get a deep dive into the different parts of CampX Innovation Model.
Why the CampX Innovation Model
The CampX Venture Client Program
The CampX Venture Access Program
Sponsor-driven innovation: a people-centric approach
The aim of the project was to assess the environmental, technical and economic feasibility of electric retrofitting for heavy goods vehicles. The project was enabled through collaboration with Novumtech, a startup with expertise in battery design and production, and with financial support from the ADEME, the French Agency for Ecological Transition
The next milestone for this project is certification of the converted truck in order to validate compliance with current regulations. Once this approval has been obtained, Renault Trucks will begin a phase of tests under real operating conditions in partnership with Clovis Grand Paris in France.
Read more here.
Volvo Roof Light (VRL) is an innovative solution that includes specially designed roof lights with sensors. VRL supports Volvo Group’s safety value and provides drivers with additional comfort when driving in dark zones. VRL automatically turns off the vehicle's extra lights to prevent drivers of oncoming traffic from being dazzled. VRL was developed by Volvo Group in collaboration with partners, using an existing patent and exploring ways to validate the technology. The process of bringing the product to market took less than 12 months, which is faster than usual. VRL is currently available in the Nordics through the Volvo dealer network. This was made possible by close collaboration with several stakeholders, and the decision process was accelerated by the CampX by Volvo Group’s Venture Builder. With VRL, Volvo Trucks customers can enjoy better safety, visibility, and an enhanced driving experience.
After a successful Proof of Value Group Project in the CampX venture client, where the Foretelix portfolio and its potential value in confined areas was evaluated, Volvo Autonomous Solutions initiated an extended cooperation together with Foretelix. “Volvo Autonomous Solutions believes in a collaborative verification concept, one that uses open standards,” says Magnus Liljeqvist, Global Technology Manager Volvo Autonomous Solutions. “The partnership with Foretellix gives us access to the state-of-the-art verification tools and accelerating our time to market.
“We are very proud to partner with Volvo Group. This partnership is a significant milestone for the industry as it is the first time that large scale Coverage Driven Verification will be used for verification of ADS in confined areas. Our partnership will combine the expertise of the two companies and set a new standard in the verification of automated driving systems, boosting both safety and productivity,” says Ziv Binyamini, CEO and co-founder of Foretellix.
With a tire pressure monitoring system, the driver is informed if one of the tires loses the pressure but today rather few heavy-duty vehicles are equipped with such a system. Roman Iustin, a Volvo Group engineer, had an idea on how to make this process more efficient with an automated calibration system. Through campX, the Volvo Group’s global innovation arena for technology and business transformation, Roman Iustin got support to validate the solution and business potential. The validation showed a high customer value and with the solution being slightly outside current Volvo Group’s business, the decision was to make a “spin out” and build a new venture. This was done with speed using the CampX concept with support from many areas within the Volvo Group, like Legal, IP strategy, Finance, Tax, HR and Purchasing.
Read more:
Press release
Fyrqom webpage
Pilot tests performed with a Volvo Penta customer showed a significant fuel reduction. The idea was lifted out of Penta to be further evaluated in CampX & it was decided to spin off into a company of its own. The iHelm idea came from within the new technology development team at Penta, led by Ethan Faghani. By initiating cetasol , Penta and Qamcom Group are investing in the start-up of the company which will be led by co-founder Ethan Faghani. When bringing the i-Helm project to CampX it brought speed and focus to finding the right partner and set up the start-up company.
At CampX we work with speed and agility, trying to do things in new ways, all with the ultimate goal to accelerate innovation. Part of our scope is to support great ideas that come from our internal innovators.
2024
Special award for Interconnected Innovation Model.
2023
Top 100 Corporate Stars
2023
Best Accelerator/Venture Access program
Our corporate venture access is a way to work side by side with startups in relevant industries. Being close to each other will help to develop ideas, solutions, products, or services and to grow as a company. Both for startups as for Volvo Group.
Through the venture access, the startups are provided mentorship, connections, facilities, and quick customer validation.
Our venture access is there for the long(er) run. In the venture access, we focus on early-stage startups and help them quickly validate their solution directions. We work side by side and we ask you to relocate your office to our campus. Our Venture Client “accelerates” the growth of an already established startup with a product or service. Having a product or service ready for use is therefore a necessity for our accelerator. A steady team and some secured funding to support product development is almost always required as well.
The role of a corporate venture access is to open up its corporate social network. Startups might otherwise have not been able to access it. Corporates are often active in only one specific industry and know all the key players. Opening up that network and working side by side is a priceless experience for startups. In this way we are different from university-based venture access: they are often technology and industry agnostic, and it is therefore hard for them to support customer validation.
We will not interfere with your customers, your IP or your (potential) investors, and taking equity is not part of our venture access offer. We strongly believe in an open approach and a collaborative mindset and that by keeping our hands off we will create the most value together. Of course, if you want us to, we will happily talk about being your first customer, your strategic investor or your advisory board member!
Yes, we will charge a reasonable fee for using our services, comparable with renting an office in any inner city or science park. Our business model revolves around this fee, grants from governments and funding from Volvo Group. The venture access does not take equity.
Our goal is to build an ecosystem of corporates and startups around sustainable mobility. Therefore, your startup success is our success. We have numerous technical challenges at Volvo and it would be great if incubated startups can help solve them, or discover opportunities together with us in this exciting industry, in the short term or the long term. The more successful you are as a startup, the higher the chance you can contribute to solutions.
First, you need to check a few boxes: are you a founding team working fulltime in the startup with a majority of the shares and have freedom to operate? And are you active in the sustainable mobility industry with a hardware or deep-tech solution? Then you can apply here.
Yes as we really want to be physically close to each other, but we are looking into fully remote and hybrid solution for the future.
No, but we highly recommend it. Being incorporated in Sweden means you are more interesting for local investors and it is easier to work with local actors. There is also possible to apply for research and development grants.
We are located in the CampX building on the Lundby campus in Gothenburg. Here we have co-located R&D engineers working within the areas of, Electromobility, Volvo Autonomous Solutions, Hydrogen Volvo Energy. The whole building has adopted an activity based approach, but a certain area of the building will be allocated to startups where you have “your own space”. Access to our labs, workshops and demo vehicles is part of the offer.
A startup venture client is a collaborative program running co-creation projects with startups to help them grow and develop their ideas and solutions. The primary purpose is to help the companies be able to work independently. This is achieved by providing mentorship, facilities, expertise, connections, and sometimes capital that the startups might not have been able to access otherwise.
A startup venture client empowers promising startups by providing mentorship, facilities, expertise, connections, and sometimes capital that they might not have been able to access otherwise. It increases the odds for a startup to take off and realize their goals.
Our corporate venture access is a way to work side by side with startups in relevant industries. Being close to each other will help to develop ideas, solutions, products, or services and to grow as a company. Both for startups as for Volvo Group.
Through the venture access, the startups are provided mentorship, connections, facilities, and quick customer validation.
