Following the three way partnership binding agreements signed on October 6t, 2023, Renault Group and Volvo Group have obtained the required regulatory approvals to formally launch the brand new firm for the subsequent technology of totally electrical vans primarily based on a Software program Outlined Car (SDV) platform and its devoted providers.
The brand new firm will tackle the rising wants of decarbonized and environment friendly city logistics and might be primarily based in France.
Renault Group and Volvo Group plan to speculate respectively EUR 300 million over the course of the subsequent three years.
Following its non-binding settlement as of October 6, 2023, CMA CGM Group has confirmed its curiosity for a strategic funding as much as EUR 120 million in Flexis by means of PULSE, its EUR1.5 billion funding fund aimed toward fostering the decarbonization of the logistics worth chain.
The brand new household of totally electrical vans outfitted with SDV might be launched by the brand new firm. The manufacturing of the primary van is deliberate to start out in 2026, the businesses stated in a media launch.
