Volvo Group Venture Capital AB Invests in Relay Trucking Innovator Trucksters

Volvo Group Venture Capital AB has invested in the Madrid based company Trucksters, a transport operator focused on providing long-distance transportation through a truck relay system based on big data and artificial intelligence. Founded in 2018, its service reduces long-distance road transit time by up to 50% by allowing trucks to be continuously on the move through relays.

Trucksters is currenntly managing four logistics corridors from Spain to Western and Eastern Europe and the UK.

Through the corridors, Trucksters has fixed relay points where a truck exchanges its semi-trailer with another truck, avoiding stops and enabling the driver to come back home.

Volvo Group Venture Capital was founded in 1997 and invests globally in startup and scaleup companies.

Martin Witt, President of Volvo Group Venture Capital, says: "The company Trucksters is using advanced algorithms and AI to manage long-haul relay transportation through Europe providing faster, safer and more sustainable transports.  We are impressed by what Trucksters have accomplished and see that Volvo Group can add considerable strategic value to the development of their business. With a growing need for freight transportation, relay systems can provide a solid structure for electrification of long-haul transportation as well as for autonomous solutions in the future."

"The investment from Volvo Group Venture Capital as a great milestone for Trucksters. We share many core values such as safety, driver focus, sustainability and electrification are delighted to be able to start this new phase together," adds Luis Bardají, CEO of Trucksters.

The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets.