European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
No Result
View All Result
Home < INDUSTRIES Automotive

Volvo Cars Tech Fund invests in sustainable lightweight materials firm Bcomp

by Marie Weil
April 6, 2022
A A
Share on LinkedinShare on Twitter

Volvo Cars has made a strategic investment in Bcomp, an innovative Swiss firm that develops high-performance lightweight materials based on natural fibres, through the Volvo Cars Tech Fund, its venture capital arm.

To create its materials, Bcomp uses flax fibres, a bio-based material that offers significant savings in terms of weight, energy use and emissions versus regular plastic parts. The material also enables design options for aesthetic surfaces.

Volvo Cars is actively exploring the use of natural fiber composites in its next generation of pure electric cars, while its strategic affiliate Polestar also aims to use Bcomp’s materials in forthcoming models.

Volvo Cars used Bcomp’s materials in its most recent concept car, the Volvo Cars Concept Recharge. Bcomp’s calculations show that compared to regular plastic parts, the natural fiber-based composites are up to 50 per cent lighter, use up to 70 per cent less plastic and generate up to 62 per cent lower CO2 emissions.

“This investment is yet another example of our commitment to sustainability and strategic focus on reducing our carbon footprint,” said Alexander Petrofski, Head of the Volvo Cars Tech Fund. “We have a long tradition of partnering with leading technology firms such as Bcomp, as we see joint benefits in helping them to scale and develop innovative products in global markets.”

Revealed in the summer of 2021, the Volvo Cars Concept Recharge demonstrates the steps Volvo Cars aims to take in all areas of pure electric car development to reduce its cars’ and its overall carbon footprint. The company plans to sell only fully electric cars by 2030 and aims to be a climate neutral business by 2040.

“We’re very encouraged by the possibilities offered by flax composites, which is why we used them both in the interior and on the exterior of the Volvo Cars Concept Recharge,” said Robin Page, Senior Vice President Design at Volvo Cars.  “It is a material that is environmentally responsible with a very low carbon footprint that also delivers an attractive and natural aesthetic.”

Inside the Volvo Cars Concept Recharge, Volvo Cars has used a flax composite for the lower storage areas, the back of the headrest and the footrest. On the exterior of the car, the front and rear bumpers as well as the sill moldings consist of flax composites.

The ambition to constantly reduce emissions and become climate neutral by 2040 is part of Volvo Cars’ climate action plan, one of the most ambitious in the industry. Already by 2025, the company aims to reduce lifecycle CO2 emissions per car by 40 per cent compared to 2018.

Financial details of the Volvo Cars Tech Fund investment in Bcomp were not disclosed.

Tags: < Invest

Related Industries

Automotive

BYD Brings eTruck Innovation to The Netherlands

September 21, 2023
Automotive

REVEL secures €115 million to boost its car subscription business in Spain

September 16, 2023
Automotive

Volvo Cars appoints new head of procurement and supply chain

September 14, 2023
Automotive

Hyundai-Kia’s Head of Battery and H2 Fuel Cell Development Chang Hwan Kim Elected as President of FISITA from ’25-’27

September 14, 2023
Automotive

Mobileye and Valeo Launch a Partnership for World-Class Imaging Radars

September 5, 2023
Automotive

XPENG Announces Entry Into the German Market

September 5, 2023

XPENG Announces Entry Into the German Market

September 5, 2023

...

The BMW Group Selects AWS to Power Next-Generation Automated Driving Platform

September 6, 2023

...

BASF is paving the way for an infinite range of sustainable plastic solutions at Fakuma 2023

September 20, 2023

...

Ericsson and M1 partner to deploy the new generation of 5G routers to enable a future- ready mobile transport network

September 1, 2023

...

Hilton Expands Rotterdam Portfolio with Two New Hotels

September 21, 2023

...

Huawei Ireland launches new 2023 STEM programme with global prize fund of $100K

September 13, 2023

...

Manja Greimeier Appointed New Head of Original Equipment for Continental’s Tires Group Sector

September 1, 2023

...

BT and Johnson Controls collaborate to help businesses reach Net Zero faster

September 14, 2023

...

Sustainability, plasticizer, plastics, Mesamoll, sustainable raw materials, reduced product carbon footprint,  PCF

Mesamoll plasticizer from LANXESS now even more sustainable

August 29, 2023

...

Amazon boosts European charging infrastructure planning with new technology

September 13, 2023

...

Asia Pacific Business Asia Pacific Business Asia Pacific Business

EUROPEAN BUSINESS is a premier source of corporate news, business information and insights across broad spectrum of industries in Europe and worldwide.  We are one of the members of the Business World Network.

RESOURCES

  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

CONTACT US

EDITORIAL:     editor # european-biz.com

PARTNERSHIP:     partnership # european-biz.com

HUMAN RESOURCE:     hr # european-biz.com

* (replace # with @)

  • Official Site

Copyright © EUROPEAN-BIZ.COM All rights reserved.

No Result
View All Result
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

Copyright © EUROPEAN-BIZ.COM All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist