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Volvo is expanding their operation in Stockholm by creating a tech hub that will employ more than 700 people in software engineering, data science and analytics, product management, online business and user experience.


Volvo Cars is expanding its presence in Stockholm by investing in a tech hub in the centre of Sweden’s capital, creating a workspace for more than 700 professionals skilled in software engineering, data science and analytics, product management, online business and user experience.

The tech hub is an expansion of Volvo Cars’ current downtown Stockholm location and will build on the company’s established competence in online sales and software product development, which are key focus areas for the company in its ongoing transformation. The expansion will support Volvo Cars’ strong growth, as well as its mid-decade ambitions to sell at least half of all its cars online and to develop at least half of all software in-house.

Volvo Cars aims to attract hundreds of new team members from all over the world to its tech hub. As the home and birthplace of several globally successful billion-dollar tech companies, Stockholm has an international appeal to the global tech scene.

“People with the right competence and values make the difference for our ambitions and that’s why we’re establishing our new tech hub in Stockholm,” said Hanna Fager, head of corporate functions at Volvo Cars. “Stockholm is a hot spot for tech talents, and we want to create an innovative, creative and collaborative workplace to attract people from around the world. The process has already started and we’re currently looking for new team members who can help drive our company forward.”

Volvo Cars’ move towards online sales is integral to its aim of becoming a leader in the fast-growing premium electric segment with millions of direct consumer relationships. The focus on online sales and direct relationships includes creating a simplified and straightforward process for ordering a Volvo car, with transparent pricing, clear product information and clarity on delivery times.

“Beyond making our cars safer through technology and more sustainable through electrification, we want to fundamentally change car ownership to be more personal through a world-leading consumer experience,” said Henrik Green, chief product officer at Volvo Cars. “That’s why we are investing in product and tech, and expanding in Stockholm to access the wealth of talent in everything from product management to software engineering and user experience.”

Volvo Cars is taking its software development in-house, both to reach its online aims and because cars are increasingly defined by software rather than traditional automotive attributes. To build the best software-defined cars and to truly benefit from developing software in-house, the company is also centralising computing inside its fully electric cars into a powerful core system. This will support Volvo Cars to continue to introduce new software and features to customer cars via over-the-air updates, making them better and even more enjoyable over time.

The tech hub workspace will be renovated and modernised later this year and will also serve as the base for the company’s businesses in the wider Stockholm region.
 

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The tech hub has officially opened in Stockholm!


It covers two floors, contains more than 7,500 square meters of floor space and offers an up-to-date, modern work environment for more than 700 talented Volvo Cars employees: our new tech hub in the Swedish capital Stockholm officially opened today.

The tech hub is located nearby the Volvo Studio in downtown Stockholm and will be part of our future foundation as we continue to work towards our mid-decade ambitions and beyond.

The automotive industry is rapidly changing and our new generation of fully electric cars, including the recently revealed Volvo EX90 SUV, will all be software-defined.

The Volvo car of the future will be fully electric by 2030, increasingly sold online, powered by cutting-edge core computers and will become better over time thanks to over-the-air software updates.

“To accelerate our transition, we’re in the process of recruiting hundreds of talents in areas such as software engineering, data science and analytics, product management, online business and customer experience development,” said Björn Annwall, our chief commercial officer and deputy CEO. “Many of them will be based out of our new tech hub.”

The tech hub will also serve as the base for our businesses and activities in the wider Stockholm region. It aims to be a central part of Stockholm’s tech scene, right in the home and birthplace of several globally successful billion-dollar tech companies. Through a broad variety of events at our new tech hub, we plan to engage with other bright tech minds in the Swedish capital.

The new facilities also have a special focus on employee wellbeing, which includes the creation of two recreational rooms inspired by the Japanese concept of Shinrin Yoku. Here, employees can explore an immersive experience of film, sound and light designed for de-stressing.

“Our new Stockholm hub is designed to spark creativity and collaboration,” said Hanna Fager, our chief people officer. “It will be a modern and inclusive workplace that allows current and future talent with a broad variety of expertise to work and cooperate. A hallmark of Scandinavian modern design, it reflects all the strengths of the Volvo brand.”

To underline its connection with our heritage, the tech hub will feature specially designed furniture created from recycled car materials. Lamps made from used airbags and chairs 3D-printed from repurposed car bumpers? You’ll find them here!

A company-wide transformation

The Stockholm tech hub is the latest in a series of new tech-focused facilities we’re developing. Last month, we inaugurated a new tech hub at our Bangalore campus in India and since before, we have tech hubs in Sunnyvale, US, as well as in Lund, Sweden.

Each location has their own areas of expertise. The team in Stockholm is focused on direct consumer relationships and the customer journey, while the teams in our other tech hubs focus on areas such as R&D and autonomous drive technology, data analytics and digital application development.

The opening of our tech hubs comes as we’re in the middle of a company-wide transformation. By 2030 we will be a fully electric car company and we aim to sell half of our cars online in the coming years, as more and more car buyers shop online.

Our move towards an omnichannel approach, where you as a customer choose how to interact with Volvo Cars, is integral to our aim of becoming a leader in the fast-growing premium electric segment. In coming years we aim to establish millions of direct consumer relationships through our online sales hub volvocars.com.

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