Scania has issued a green bond worth SEK3bn to support further investments into electrification, and it has launched a venture capital fund totalling SEK2bn to support fledgling tech firms in the vehicle industry. 

The manufacturer of electric terminal tractors has raised a total of USD35m in investments to support the company’s growth, following an institutional funding round led by venture capital firm S2G Ventures and private investment firm Henry Crown and Company.

An undisclosed sum has been invested in Optibus, a software developer specialising in public transportation management tools for planning workable routes, timetables and rotas.

The corporate venture capital fund of Scania has made an investment in logistics software company Parcelly Ltd for an undisclosed sum.

Quantron has announced partnerships with two Indian companies and one British company, who have agreed to help Quantron develop its vehicle subscription service.

The 30,000-square-foot Tottenham site will serve as the base for the company’s ‘Truck-as-a-Service’ operations in the London metropolitan area.

New Scania truck rental services adds to growing portfolio of sales and aftermarket servicing offerings from OEMs in South America.

Randon companies is to form a new joint venture company with Gerdau to lease trailers in Brazil.

Schneider will provide freight loads for Torc’s pilot, which will test driver-supervised autonomous trucks in day-to-day long haul operations next year.

Maxion Wheels has joined the Aluminium Stewardship Initiative (ASI) and ResponsibleSteel, not-for-profit organisations which aim to establish global standards and certification for the sustainable sourcing and production of aluminium and steel respectively.

Toyota, Daihatsu and others are working together to study more efficient ways of sourcing biomass and producing bioethanol for use as a fuel.

The European Automobile Manufacturers’ Association (ACEA) has announced that Sigrid de Vries will assume the position of ACEA Director General on September 1st 2022. In this role, she will manage the association that unites Europe’s 16 major car, truck, van, and bus makers in the EU.