Large innovative multinationals driving investment in tomorrow’s transportation

The investment enables the shared development of new technology as well as collaboration with smaller start-ups, whose ideas one wants to support and draw inspiration from. In this way, the companies aim to also stimulate the development across the Swedish automotive cluster with the objective of increasing competitiveness in terms of tomorrow’s transportation system.

“The new technologies will offer many advantages for our customers and society in general. However, if we in the automotive industry are to fully leverage the possibilities, we have to work smarter, faster and far more closely with others,” says Martin Lundstedt, CEO of the Volvo Group.

“Start-ups have created some of this day and age’s most successful ideas and business concepts, partly due to their ability to rapidly adapt their approach. Large multinationals such as Volvo Cars can leverage the way these new, promising companies think and act. MobilityXlab facilitates closer collaboration with start-ups and helps Volvo Cars to keep its place at the forefront of the global automotive industry,” says Håkan Samuelsson, CEO of the Volvo Car Group.

“In a time when the automobile industry is undergoing rapid change — mutual exchange between niche players can create more robust solutions more rapidly. The pace of innovation is accelerating,” comments Jan Carlson, Chairman, President and CEO of Autoliv.

MobilityXlab, which includes an innovation lab and expo space, shares the same building as Zenuity, Volvo Car’s and Autoliv’s joint venture developing software for self-driving vehicles. Starting MobilityXlab at Lindholmen Science Park was an obvious choice for the partners.  

“We find ourselves in a unique environment, where a collaborative spirit is ingrained in its DNA. This is a hub for strong automotive and IT clusters as well as a strong telecommunications industry, and the region is home to many innovative start-ups. They possess extensive expertise in areas such as artificial intelligence and connected vehicles, which means all the preconditions are in place for us to act together to accelerate development,” says Dennis Nobelius, CEO of Zenuity.

“MobilityXlab is a key investment for Ericsson, it allows us to accelerate our IoT venture in the center of a world-leading cluster of connected, self-driving vehicles. Tomorrow’s transportation will be environmentally friendly, smart and partially automated, which is made possible by Ericsson’s IoT platform and 5G technology. We are delighted by the opportunity this venture presents in terms of working closely with innovative start-ups,” commented Börje Ekholm, CEO of Ericsson.

“Soon, we will have been working here for 20 years, and during that time we have benefitted from being able to initiate, drive and coordinate projects in various formats. MobilityXlab advances the above one step forward. The shared vision, approach and, last but not least, the exhibition aspect that will act as a window into the future, will generate extremely positive innovation energy,” says Niklas Wahlberg, CEO of Lindholmen Science Park AB.

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