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Momentum Dynamics receives financing from Volvo Group Venture Capital

Volvo Group Venture Capital invested an undisclosed amount in Momentum Dynamics which provides high-power inductive charging technology for the automotive and transportation markets.

The transaction is not expected to have a significant impact on Volvo Group's earnings or financial position.

Volvo Group Venture Capital, the venture capital investment arm of Swedish car maker AB Volvo, provides financing to companies specializing in electromobility, autonomous vehicles and connectivity.