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Scania Growth Capital is a corporate venture capital fund. It is one of several Scania initiatives that tap into new ideas in the company's rapidly-changing environment.

Scania has founded Scania Growth Capital to invest in high-growth companies with strategic relevance to its ecosystem of customers and partners in the automotive- and transport industries.


Our corporate venture fund invests in companies who support the shift towards a more sustainable transport system, and in ventures that may discover disruptive, transformational technologies and business models in the automotive and transport industries.

Supporting entrepreneurs

It also provides a platform where Scania can support capable entrepreneurs with a large ecosystem of technologies and skills, as well as broad and deep industry knowledge that will add great value to the portfolio companies.


The fund is managed by an external management company consisting of a team with extensive experience in investment and in the automotive industry. Scania Growth Capital's investment activities may include, but is not limited to, companies with products, solutions or services that involve digitalisation, autonomous vehicles, connectivity, hybridisation, sustainable energy and smart factory solutions.

Scania Growth Capital exchange programme

To support Scania’s vision to be the leader in sustainable transport solutions and drive the shift towards a sustainable transport system, the Scania Growth Capital exchange programme is a partnership with the companies that Scania Growth Capital has invested in. It is a professional development programme that aims to develop Scania employees, learn entrepreneurial skills from agile high growth companies and generate value for both Scania and the high-growth companies through stronger partnerships.


In this way we are able to use partnerships as a way of giving our employees the opportunity for professional development through a hands-on learning experience in a different environment, broadening their perspectives and gaining experience of an entrepreneurial culture. The employees participating in the programme will be on a steep learning curve that will help them contribute to the acceleration and development of Scania’s entrepreneurial muscle.

Investment criteria

Scania Growth Capital invests in companies with strategic relevance to Scania and its ecosystem in the automotive- and transport industries. Evaluations are broad and may include, but are not limited to, companies with products, services or solutions in digitalisation, autonomous vehicles, connectivity and smart factory. Investments with the following characteristics are assessed and considered:

  • an innovative product or a unique market position with potential for significant growth
  • capable, commercial and growth-oriented entrepreneurs and management teams
  • a turnover in the range of 1-30 million euros
  • primarily significant minority positions

Team and structure

Scania has teamed up with three of Sweden’s most experienced venture capitalists who have been appointed to manage the investment operations of Scania Growth Capital.


The setup of Scania Growth Capital is unique. Scania is the majority owner and the investment team has minority ownership in the fund. The investment team manages Scania Growth Capital exclusively and is organized in a separate advisory company, East Hill Equity. This setup aims to attract a broad range of entrepreneurs, combining the strength of Scania’s ecosystem with the experienced venture capitalist minority owners.


The investment team has more than 50 years cumulative experience in venture capital. They have successfully worked together the past 5 years managing several funds and performing more than 60 investments. They have also performed numerous successful exits including 7 IPOs.


Christian Zeuchner is a partner at East Hill Equity and has worked for the past seven years as Investment Director at Fouriertransform, a venture capital company owned by the Swedish Government. Zeuchner has been active in the automotive industry in Europe, Asia and the US since 1993, working for General Motors, and as a management consultant at Roland Berger, Arthur D. Little and Ricardo.


Phone: +46 73 326 90 10


Daniel Riazzoli is a partner at East Hill Equity and has worked with investments for over 10 years, including five years at Fouriertransform, a venture capital company owned by the Swedish Government. Before joining Fouriertransform, Riazzoli worked at the Norwegian private equity company FSN Capital and at the British private equity company 3i. He also has a background as a management consultant at McKinsey & Co.


Phone: +46 70 559 54 60



Lars-Olof Gustavsson has been appointed Chairman of the Board of Scania Growth Capital, and is Chairman of the Board of external investment company East Hill Equity. He has been active in the Nordic venture capital industry for more than 40 years, and is considered one of the pioneers of the industry in the region. Gustavsson has been responsible for over 50 investments and has held over 30 board positions and is an active angel investor.


The Board of Scania Growth Capital consists of senior Scania management members including Christian Levin, President and CEO, Johan Haeggman, Chief Financial Officer, Gustaf Sundell, Head of Strategy and Business Development and Dr. Klaus Schartel, General Counsel/Head of Legal at TRATON SE. The Chairman of the Board is Lars-Olof Gustavsson who is also Chairman in the advisory company The Board acts as the Investment Committee and takes the formal investment decisions.


Portfolio of investments


Corebon, located outside Malmö in Sweden, has invented a superfast carbon fibre reinforced plastic production process that results in a new higher standard of composite materials, lower cost and minimal impact on the environment.  The patented process is based on induction heating, and it enables Corebon to produce carbon fibre components at significantly higher speed than through existing established methods. This production process is applicable to a wide range of products in the automotive, telecommunication, aerospace and robotics industries.


Contact: Christian Zeuchner in the Investment team: +46 73 326 90 10


Swed-Weld is a leading producer of add-on equipment to automated manufacturing cells. The company is based in Sweden and its primary product is feeding machines for welding nuts, which are an important part of the robot cells that are used in modern manufacturing. Swed-Weld also produces welding machines and other types of feeding machines. The company has developed a modular production system that allows Swed-Weld to rapidly develop tailor-made feeders based on customer specifications. The feeders are of high quality, easy to install and maintain and cause very few production stops.


Contact: Daniel Riazzoli in the Investment team: +46 70 559 54 60.


Sennder is the leading digital road freight forwarder in continental Europe, linking large shippers with small carriers. sennder provides a new level of automation, transparency and efficiency to the European €300 billion road freight market, which until now has been dependent on paper, phone and fax and characterized by multi-layer subcontracting. sennder digitalizes the truckload-shipping ecosystem by providing mobile apps to drivers, fleet management tools to carrier managers and logistics management solutions to shippers. By integrating directly with the shippers’ TMS and FMS via APIs and by cutting the multiple middle men, sennder increases efficiency and reduces cost for all stakeholder.


Contact: Christian Zeuchner in the Investment team: +46 73 326 90 10


Enersize offers energy saving services, with a focus on industrial compressed air systems. Enersize has developed a measurement and data collection system that allows the electricity consumption of industrial compressed air systems to be reduced by as much as 30%. Enersize’s solution for measurement and data acquisition of the compressed air systems operations is based on IoT and cloud computing. Analysis of the acquired data identifies system imbalances, bottlenecks and design flaws which can then be rectified.


Contact: Daniel Riazzoli in the Investment team: +46 70 559 54 60.


AKOA focuses on business process automation through technologies such as robotic process automation, virtual assistants, chatbots and artificial intelligence. Using technologies such as these, organisations can automate digital business processes without affecting underlying IT environments or drastically re-engineering the logic in the processes. This allows their employees to move towards more value-adding activities that help to evolve their businesses.


Contact: Daniel Riazzoli in the Investment team: +46 70 559 54 60.


Scantinel Photonics GmbH is a leading LiDAR (Light Detection and Ranging) start-up and a part of the ZEISS Ventures portfolio, based in Germany. The company develops and produces FMCW LiDAR (Frequency Modulated Continuous Wave) sensors for next-generation LiDAR systems that are a prerequisite to reach a higher level of automation. The technology Scantinel offers delivers a new dimension of data to future vehicles as the sensors measure distances and velocity to objects in the plus-300-meter range with a high level of integration and solid-state scanning.


Contact: Christian Zeuchner in the Investment team: +46 73 326 90 10