Daimler Truck and Volvo Group have announced the launch of Coretura AB, their joint venture aimed at transforming the commercial vehicle industry through a new software-defined vehicle platform and establishing a new industry standard.

Coretura will enable Daimler Truck and Volvo Group, as well as other future customers, to provide differentiating stand-alone digital vehicle applications for their products.

Following the binding joint venture agreements signed on 28 October 2024, Daimler Truck and Volvo Group 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.

“With Coretura, we are setting a clear strategic focus on software development for commercial vehicles,” said 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.”

Martin Lundstedt, President and CEO of the Volvo Group, added, “Coretura represents a natural 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.”

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.

Unlocking the digital future of commercial vehicles

As commercial vehicles are becoming more digital, the mission of Coretura is to build the non-differentiating core, a standardised and open software-defined vehicle platform and dedicated commercial vehicle operating system.

Coretura’s activities also include the specification and procurement of centralised high-performance control units at scale dedicated for commercial vehicles and capable of handling large amounts of data. This will enable the decoupling of software and hardware development cycles, allowing end customers to purchase and update digital applications wirelessly ‘over the air,’ enhancing safety, efficiency and customer experience.

“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.” said Johan Lundén, CEO of Coretura.

Starting with around 50 employees, Coretura is set to grow stepwise. This allows the shareholders to pool resources and invest in accordance with technical progress and achievement of milestones. Coretura thereby follows a collaborative co-development approach with its customers, aiming to launch its first products in vehicles by the end of the decade.

Daimler Truck and Volvo Group will remain competitors and continue to differentiate their range of product and services offerings, including their respective digital solutions.