Volvo Cars Silicon Valley Tech Center has opened its new facility in downtown Sunnyvale. The move, which almost triples the physical presence of the Silicon Valley Tech Center, grows the Swedish automaker’s initial foray into Silicon Valley established in September 2016.
The expansion of the Tech Center is part of Volvo Cars’ overall strategy to be a leader in the innovation transforming the automotive industry. The new company purpose of “Freedom to Move” envisions a diverse business model for Volvo Car Group as a global mobility company expanding into opportunities beyond the realm of a traditional car company.
Silicon Valley has developed into a hub for many of the forces enabling the new mobility models of the future, such as electrification, autonomous technology and new digital customer experiences.
The company’s investment in Silicon Valley has grown to include build capabilities across product development, business development, advanced engineering, and most recently, a corporate venture arm to invest in tech start-ups.
The location allows Volvo Cars to be in close proximity to some of its key development partners such as Google, Uber, Amazon, and NVIDIA. Collaborating with the startup and venture ecosystem as well as access to tech talent is also strengthened by its presence.