Swedish automaker Volvo and Germany’s Daimler Truck have officially launched a new joint venture called Coretura, focusing on developing software-defined commercial vehicles.
Headquartered in Gothenburg, Sweden, Coretura began operations in early June. The company plans to launch its first products by the end of 2030.
The purpose of the venture is to develop a digital platform that supports the development of software-led commercial vehicles such as trucks and buses. Both Volvo and Daimler Truck will utilize the platform in their products, and it will also be made available to third-party manufacturers across the commercial vehicle sector.
Coretura will be led by a four-member executive management team comprised of two representatives from each parent company. Johan Lundén, formerly head of Strategic Product Planning, Project and Innovation management at Volvo, has been appointed CEO.
“This joint venture blends the agility of a start-up with the stability and expertise of our major shareholders,” Lundén said in a statement. “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.”
The announcement follows an initial legally binding agreement between Volvo and Daimler Truck, signed on October 28, 2024, to move forward with the collaboration.
As the industry shifts toward more connected, customizable vehicles, digital architecture has become a core component of design and production. Software-defined vehicles allow for continuous updates, real-time diagnostics, and features tailored to the specific needs of individual fleets and end-users. Coretura aims to bring these innovations to the commercial sector, improving efficiency, intelligence and connectivity for heavy-duty commercial vehicles.
