Volvo Group capital raising invests in new marketplace for freight

Adnavem, that was launched in 2017 and is situated in Gothenburg in Sweden, is disrupting the transportation and logistics industry by providing an unbundled solution offer where transport purchasers can choose the providers for every single area of the logistics sequence on their own.

“Nowadays the unbundling of services is a good trend in several companies and this trend normally redrawing the map for transport industry. Adnavem provides revolutionary services for cargo purchasers but in addition much better terms for haulage businesses, which will be important for people. We share the obvious goal of making transportation more cost-effective and for that reason more environmentally friendly with the aid of technology,” claims Erik Johansson, Investment Director at Volvo Group capital raising.

“We tend to be set to replace the multimodal transportation business. The financial investment from Volvo Group Venture Capital enable speed up our growth and put the inspiration for a thrilling partnership. By digitalising and automating the freight procedure, we could assist transport buyers for the best transportation chains and strike a beneficial stability between price, speed and environmental influence,” claims Andreas Wramsmyr, president and CEO of Adnavem.

The part of Volvo Group Venture Capital is commit that drive transformation by facilitating the development of new services and solutions and also to help collaborations between start-ups therefore the Volvo Group.

Up against the history of this styles shaping the continuing future of transportation therefore the strategic concerns of this Volvo Group, the main element aspects of financial investment for Volvo Group investment capital are logistics solutions, site solutions and electric infrastructure. The organisation features an international range, but targets European countries and united states.

The exchange does not have any significant impact on the Volvo Group’s earnings or budget.

SOURCE: Volvo Group

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