Volvo Group Venture Capital invests in new marketplace for freight

Unbundled service offer where transport buyers can choose the service providers for each part of the logistics chain themselves

Volvo Group Venture Capital AB has invested in Adnavem, an online marketplace for freight services. Adnavem offers unbundled door-to-door transport with a present focus on Asia and Northern Europe.

Adnavem, which was founded in 2017 and is based in Gothenburg in Sweden, is disrupting the transport and logistics industry by providing an unbundled service offer where transport buyers can choose the service providers for each part of the logistics chain themselves.

Nowadays the unbundling of services is a strong trend in many industries and this trend is also redrawing the map for the transport industry. Adnavem offers innovative services for freight buyers but also better terms for haulage companies.

Adnavem and Volvo share the clear goal of making transport more efficient and therefore more environmentally friendly with the help of technology.

Adnavem aims to change the multimodal transport industry. The investment from Volvo Group Venture Capital will help accelerate its growth and lay the foundation for an exciting partnership.

Against the background of the trends shaping the future of transportation and the strategic priorities of the Volvo Group, the key areas of investment for Volvo Group Venture Capital are currently logistics services, site solutions and electrical infrastructure. The organisation has a global scope, but focuses on Europe and North America.

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