Coretura: Pioneering the Digital Future of Commercial Vehicles
Deal News | Jun 17, 2025 | Volvo Group Venture Capital AB
In a strategic move to drive digital transformation within the commercial vehicle industry, Volvo Group and Daimler Truck have launched a new joint venture named Coretura in Gothenburg, Sweden, in June 2025. This venture follows the regulatory approvals obtained after signing binding agreements in October 2024. Coretura is tasked with creating a standardized, open, software-defined vehicle platform tailored for commercial vehicles, alongside a dedicated operating system. The venture aims to digitally revolutionize commercial vehicles, enhancing connectivity, efficiency, and safety through wireless application updates. Johan Lundén, a seasoned executive from Volvo Group, has been appointed CEO. Coretura begins with fifty employees and is set to expand based on technical advancements. Despite the collaboration, Volvo and Daimler will continue their competitive product differentiation. Coretura welcomes partnerships to further its mission in transforming the industry.
Sectors
- Automotive
- Technology
Geography
- Sweden – Coretura is based in Gothenburg, Sweden, making this geography relevant to the article.
- Germany – Daimler Truck, one of the partners in the joint venture, is based in Germany, which ties this geography to the article.
Industry
- Automotive – The article discusses a joint venture aimed at revolutionizing the commercial vehicle sector with digital advancements, which is a significant part of the automotive industry.
- Technology – Coretura's focus on software-defined vehicle platforms and operating systems places it firmly in the technology industry, as it drives digital transformation in commercial vehicles.
Financials
- SEK 527 billion – Volvo Group's net sales in 2024
- EUR 46 billion – Volvo Group's net sales in 2024, converted to euros
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Volvo Group | Co-founder of Coretura | Company | A global leader in transport and infrastructure solutions, headquartered in Gothenburg, Sweden. |
| Daimler Truck | Co-founder of Coretura | Company | A major player in the automotive industry focused on commercial vehicles, based in Germany. |
| Coretura | Target Company | Company | A joint venture between Volvo Group and Daimler Truck focusing on digital advancements for commercial vehicles. |
| Johan Lundn | CEO of Coretura | Person | Previously responsible for strategic product planning, project, and innovation management at Volvo Group. |