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Executive Summary · For Volvo CE
Hive × Volvo CE

Physical AI,
deployed through
your brand.

Hive is building a general-purpose AI model that learns to operate any industrial machine. A single intelligence layer trained across machine types, sites and conditions. Four live deployments on Volvo L-series wheel loaders today. Not a concept. Not a roadmap.

01One model, every machine
02Fully packaged service
03Human-in-the-loop
04Retrofit, not replacement
Why This Conversation. Now.

Others are pulling ahead.

Every major competitor has moved from pilot to scale in the last 24 months. Volvo CE's in-house effort is still the HX hauler concept from 2016. The gap is visible.

Caterpillar
11B+ tonnes hauled autonomously · target 2,000+ autonomous trucks by 2040 · CES 2026 headline
Komatsu
~500 autonomous haul trucks deployed on mining sites worldwide
Develon + Hitachi
Both OEMs running autonomous excavator programs with Gravis Robotics across multiple sites
Pronto × Heidelberg
Autonomy software retrofit on 100+ Cat and Bell haul trucks · rolling out NA/EU/APAC
Chinese software autonomy
Heavy deployments in China · already targeting European fleets with retrofit offers
Volvo CE
In-house autonomy effort: the HX electric hauler concept from 2016. Still a concept.
What Makes Hive Different

The physical AI company for industrial machinery.

Hive is building a general-purpose AI model that learns to operate any industrial machine. Not automation scripts per task. Not remote control. A single intelligence layer trained across machine types, sites and conditions, enabling all industrial machines to operate with supervised physical AI.

01
One model, every machine

A generic AI model supporting the whole machinery fleet.

Not a separate integration per machine type. Hive trains one model that generalizes across wheel loaders, haulers, excavators and forklifts. The same intelligence layer adapts to new tasks and new iron without starting from scratch.

02
Fully packaged service

Ops center, trained operators, 24/7 coverage as one service.

Hive is not software you install. It is a packaged service. Operations center in Kristiansand, trained remote operators, redundant connectivity, 24/7 coverage. Nothing Volvo needs to replicate internally.

03
Human-in-the-loop by design

Operators in the loop, not stripped out of the system.

When the AI hesitates, a trained remote operator takes over instantly. Supervised physical AI is the product, not a fallback. Customers never see an unplanned stop.

04
Retrofit, not replacement

Runs on machines your customers already own.

Volvo L60 to L350 wheel loaders (MY 2018+) supported today, phasing to full Volvo CE portfolio. Dealer-installed kit. Fleet goes from standard to supervised physical AI in days, not quarters.

Proven In The Field. Not A Concept.

Hive and Volvo machines are already moving the world together.

Four live operations on Volvo L-series wheel loaders, under named customer contracts. Running today. Not slideware, not a roadmap.

Feeding the world
Yara · Herøya
Supervised physical AI wheel loaders moving fertilizer inside one of Europe's largest ammonia facilities. Hardware proven in extreme industrial environment for 18+ months.
Keeping passes open
Presis Veidrift · Vikafjellet
Remote snow clearing in avalanche zones under Norwegian Public Roads Administration contract. Why: operators removed from life-threatening hazard zones.
Powering quarries
Hamar Pukk · Quarry
Autonomous wheel loader loading trucks in a live Nordic aggregate operation. Why: continuous production without operator shift gaps.
Building tunnels
Veidekke · Telia 5G
Europe's first industrial 5G teleoperation trial, with Hive wheel loaders alongside Boston Dynamics robots. Why: multi-vendor interoperability in confined spaces.
All four deployments running on Volvo L-series wheel loaders. Volvo's strongest physical AI story in market today already has your brand on the machine and Hive on the intelligence layer.
The Commercial Model

Three pillars. One structure that plugs into how Volvo already operates.

A preferred partnership built on recurring revenue, shared data, and joint market expansion. Running through the dealer network you already have.

Pillar 01

Shared recurring revenue

20% of every Hive physical AI subscription on any Volvo-sold machine, not just new sales. Paid continuously. A new recurring revenue line for Volvo CE on new machines, and for dealers on retrofit of the existing installed base.

Pillar 02

Operational data sharing

Raw operational telemetry from every Hive-equipped Volvo-sold machine, flowing to Volvo R&D, product development, and service optimization. Unmatched real-world fleet visibility, governed by clear data agreements.

Pillar 03

Increased market share

Physical AI becomes the reason customers choose Volvo over Cat, Komatsu, or any mid-segment alternative. Deployed through the local dealership, with Hive doing the commercial work alongside your team.

Two revenue streams, one partnership. Volvo CE captures margin on new-machine sales with physical AI factored in. Dealers capture margin on retrofit across the installed base. Both compound over time.
How We Scale Operationally

Hive trains the trainers. Volvo unlocks the distribution.

A partnership is only worth as much as the motion around it. Here is how Hive equips Volvo's existing sales, service and dealer organization to sell, install and support supervised physical AI at scale, and how Hive reciprocates with engineering and account support when Volvo opens a door.

01
Train Volvo Sales

Position physical AI in the customer dialogue.

Joint training for Volvo account managers: how to qualify physical AI opportunities, how to run an ICP-aligned discovery, how to hand off to Hive at the right moment. Joint call templates, objection handling, and shared CRM visibility.

02
Train Volvo Service

Install and maintain retrofit kits.

Hive certifies dealer technicians to install the retrofit kit, run calibration, and perform first-line service. Level 2 support stays with Hive. The dealer keeps the customer relationship and the service revenue.

03
Hive Joins Your Calls

Reciprocity. Not a one-way enablement.

When a Volvo account manager opens a door on a qualified physical AI opportunity, Hive brings engineers, demo capacity, and account support to the table. This is a two-way commercial motion, not a dealer program Hive throws over the wall.

Zero new headcount for Volvo. Real capacity from Hive on demand. The partnership runs on Volvo's existing commercial and service footprint, and on Hive's technical bench when you need it.
The Business Case

Physical AI becomes the reason customers choose Volvo.

Two ways this partnership grows your market. One makes you sell more machines. The other opens a market you have never had access to.

01
Sell more machines

Physical AI makes Volvo the profitable choice.

The Volvo dealer puts supervised physical AI on the table. A differentiator no competitor can match on spec alone. For electric machines (50-75% price premium), physical AI increases utilization and compresses operating cost, making the economics of electric work. Two strategic priorities at once.

02
Enter the labor market

A new revenue stream 2-3x larger than machine sales.

Volvo CE generates ~$8.5B per year selling machines. The operator labor market for those same machines is $17-25B per year. Through Hive, Volvo takes a direct share of that cashflow. Yearly recurring revenue that compounds as the installed base grows.

$8.5B
Volvo CE revenue today
$17-25B
Operator labor market
(Volvo machine fleet)
Hive gives Volvo
direct access to
this market
Proposed Next Steps

To get this partnership up and running from Q3, we need a signed term sheet before end of May.

Volvo has signalled they want this operational from Q3 2026. Here is the shortest path to make that happen.

  1. 01Executive alignment session 60 minutes, Hive founders and Volvo CE leadership. Confirm appetite for a preferred partnership and agree on scope.
  2. 02Term sheet Agree commercial terms for the partnership. Target: signed before end of May.
  3. 03Eskilstuna showcase Deploy a Hive physical AI kit on a Volvo reference machine. Make the capability visible to Volvo customers visiting Eskilstuna.
  4. 04Joint pilot selection Pick 2-3 customers from Volvo's own base in the Nordics. Test the joint sales structure. Define joint KPIs.
Hive Autonomy
Christoffer Jorgenvag
Co-founder. CEO
Fredrik Bringager
Co-founder. CCO
Ronny Azimi Liverod
VP Heavy Machinery
Kristiansand. Oslo. London
hiveautonomy.no
Volvo CE Executive Summary . v3 . 2026-04-16