Renault Group and Volvo Group have obtained the required regulatory approvals to officially launch the new company Flexis SAS for the next generation of fully electric vans based on a software defined vehicle (SDV) platform and its dedicated services.

The new company will address the growing needs of decarbonised and efficient urban logistics and will be based in France.

The new family of fully electric vans equipped with SDV will be introduced by the new company. The production of the first van is planned to start in 2026.

Renault Group and Volvo Group plan to invest respectively €300 million over the course of the next three years.

They signed a joint venture binding agreements on October 6 last year.

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