Volvo Group and Daimler Truck have launched Coretura AB, a joint venture focused on advancing the commercial vehicle industry through a software-defined vehicle platform. This initiative aims to set a new standard in the industry by enabling both companies and future customers to offer unique digital applications for their vehicles.
The creation of Coretura follows the binding agreements signed on October 28, 2024, and after obtaining all necessary regulatory approvals. The company is based in Gothenburg, Sweden, and began operations at the start of June 2025.
Karin Rådström, President and CEO of Daimler Truck, stated: “With Coretura, we are setting a clear strategic focus on software development for commercial vehicles. This is a big and really exciting step — not just for us, but for the entire industry and our customers. Together we are starting the digital-driven future of trucks and buses, ultimately making commercial vehicles smarter, more connected, and more efficient than ever before.”
Martin Lundstedt, President and CEO of Volvo Group, added: “Coretura represents a bold step forward in the evolution of commercial vehicles. By leveraging cutting-edge technology and collaborative innovation, we’re setting the stage for a new era of connectivity and efficiency in the industry. This venture underscores our commitment to not only advancing our products but also paving the way for sustainable and intelligent transportation solutions.”
The executive management team at Coretura will include four members from both shareholders with Johan Lundén appointed as CEO. Lundén previously held responsibilities within Volvo Group’s Strategic Product Planning.
Coretura’s mission is to develop an open software-defined vehicle platform along with a dedicated operating system for commercial vehicles. The company plans to procure centralized high-performance control units capable of managing significant data volumes which will allow updates via wireless technology.
Johan Lundén commented: “This joint venture blends the agility of a start-up with the stability and expertise of our major shareholders. We are proud and energized to lead the digital transformation in the commercial vehicle industry—backed by strong shareholder support and committed to shaping the industry’s future.”
Starting with approximately 50 employees, Coretura intends to expand gradually as technical progress is made. Both Volvo Group and Daimler Truck will continue as competitors while differentiating their products including digital solutions.
Coretura invites cooperation from new partners who share its vision for shaping future developments within this sector.
