The Volvo Group and the Designwerk Group have put pen to paper on an agreement that ties the companies together moving forwards, with Volvo acquiring a stake of 60 percent in Designwerk in the process, further details of which can be found in a press release. Designwerk will continue to operate as a standalone company, although the investment from the Swedish automotive manufacturer will allow Designwerk to seamlessly manage rapid growth and further expand the business.
Under the Futuricum brand, Designwerk sells electric trucks, which are manufactured at the plant in Winterthur. At present, capacities here are in the process of being expanded. In the future, the company’s aim is to manufacture 200 electric trucks per year in its home city. In addition to trucks, Designwerk also manufactures mobile rapid charging devices and high-voltage battery systems.
With its investment, the Volvo Group is supporting the transition towards climate-neutral transportation solutions. “We look forward to continuing to support Volvo Group’s electromobility transformation, with additional agility and performance”, comments Adrian Melliger, CEO of the Designwerk Group, in the press release. The market leadership and experience on the part of Volvo, allied to the niche products offered by Designwerk, should ensure that the companies are in a position to jointly accelerate the take-up of electric vehicles and implementation of associated infrastructure in the future.