Volvo Group and Daimler Truck have announced the launch of Coretura AB. The new company is a joint venture created by the global truck OEMs. Coretura will focus on “transforming” the commercial vehicle industry through a new software-defined vehicle platform and establishing industry standards for this new way of designing commercial vehicles.
OEM partnerships are becoming more commonplace. The technical complexity of vehicle design has become exponentially more expensive and challenging for OEMs over the past decade. Volvo and Daimler have previously entered into similar business ventures to accelerate the development of emerging powertrain technologies.
Unlocking the Digital Future of Commercial Vehicles
Coretura will eventually enable Volvo Group and Daimler Truck and other future customers to provide differentiating stand-alone digital vehicle applications for their products, the OEMs said in a press statement.
As commercial vehicles are becoming more digital, the mission of Coretura is to build the non-differentiating core. This is a standardized and open software-defined vehicle platform and dedicated commercial vehicle operating system.
Coretura’s activities will also include the specification and procurement of centralized high-performance control units dedicated for commercial vehicles and capable of handling large amounts of data.
This will decouple software and hardware development cycles, allowing end customers to purchase and update digital applications wirelessly “over the air”, enhancing safety, efficiency and customer experience.
“With Coretura, we are setting a clear strategic focus on software development for commercial vehicles,” Karin Rådström, president and CEO of Daimler Truck. “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.”
"Coretura represents a bold step forward in the evolution of commercial vehicles,” added Martin Lundstedt, President and CEO of the Volvo Group. “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."
Collaborative Co-Development
Coretura will be led by a four-member Executive Management team consisting of two members from each of the shareholders. Johan Lundén has been appointed as CEO coming from Volvo Group where he previously held responsibility for Strategic Product Planning, Project and Innovation management.
Starting with around 50 employees, Coretura is set to grow in stages, the OEMs said.
This will allow shareholders to pool resources and invest in accordance with technical progress and achievement of milestones.
Coretura will follow a collaborative co-development approach with its customers, aiming to launch its first products in vehicles by the end of the decade.
“This joint venture blends the agility of a start-up with the stability and expertise of our major shareholders,” Lundén said. “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.”
Volvo Group and Daimler Truck will remain competitors and continue to differentiate their range of product and services offerings, including their respective digital solutions.
Following the binding joint venture agreements signed on October 28, 2024, Volvo Group and Daimler Truck have obtained all required regulatory approvals and have now launched the new company Coretura.
Following the joint venture transaction, Coretura, based in Gothenburg, Sweden, began operations in the beginning of June 2025.
