Founded by Volvo Cars in 2018, Volvo Cars Tech Fund is a global venture capital firm headquartered in California. It focuses on investing in high potential technology start-ups in the transportation and mobility sectors, particularly those involved in artificial intelligence, electrification, autonomous driving, and digital mobility services. The fund typically invests in rounds with 3-4 participants and has notable sponsors such as W. R. Berkley, Toyota Tsusho, and The Westly Group. It primarily invests in companies based in the United States and has a preference for start-ups in the security and medical device industries. The fund tends to invest in start-ups that are 4-5 years old and has a diverse portfolio including companies like Luminar, Zum, and MDGo. Volvo Cars Tech Fund has a higher exit rate compared to other organizations and has been active in 2-6 deals per year, with deal sizes ranging from 50 to 100 million dollars.