Volvo invests in Luxe

Volvo Car Group has announced it is investing in Luxe, a US-based premium valet and concierge service.

The move is intended to boost the development of Volvo’s digital services, advancing its algorithms used for routing, logistics planning and arrival time predictions.

The deal is also expected to accelerate its ability to offer digital customer experiences such as pick-up and drop-off services.

The financial details have not been announced.