Following the joint venture binding agreements signed on October 6t, 2023, Renault Group and Volvo Group have obtained the required regulatory approvals to officially launch the new company for the next generation of fully electric vans based on a Software Defined Vehicle (SDV) platform and its dedicated services.
The new company will address the growing needs of decarbonized and efficient urban logistics and will be based in France.
Renault Group and Volvo Group plan to invest respectively EUR 300 million over the course of the next three years.
Following its non-binding agreement as of October 6, 2023, CMA CGM Group has confirmed its interest for a strategic investment up to EUR 120 million in Flexis through PULSE, its EUR1.5 billion investment fund aimed at fostering the decarbonization of the logistics value chain.
The new family of fully electric vans equipped with SDV will be introduced by the new company. The production of the first van is planned to start in 2026, the companies said in a media release.
