Cars are increasingly becoming computers that can drive. The next step may be turning them into economic actors capable of paying for charging, tolls and services on their own. That idea sits behind a relationship between Concordium and Geely that has now lasted five years.
Concordium Foundation has appointed Per Ansgar, CEO of Geely Sweden Holdings, to its board as the blockchain network expands its infrastructure for verifying the humans and companies behind autonomous software and AI agents.
The appointment brings one of Geely's senior executives directly into Concordium's governance and builds on a partnership between the two organizations dating back to 2021.
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When the Car Becomes the Customer
The original Concordium-Geely relationship was built partly around autonomous vehicles and what happens when machines begin interacting directly with businesses.
A connected car could eventually arrive at a charging station, authenticate itself, authorize a payment and leave without its owner opening an app or presenting a credit card. The same model could apply to toll roads, parking, maintenance, insurance and other services.
That creates a different problem from simply moving money digitally. If software initiates the transaction, businesses need a reliable way to establish who authorized that software and who is ultimately responsible for its actions.
"Vehicles, and the software inside them, are becoming parties to transactions in their own right," said Ansgar. "Trust used to mean a driver's signature. Now it has to mean proof of who authorised a payment and who is answerable for it. That is the problem Concordium is solving, and it is why I am very happy to be joining the board."
Concordium and Geely began working together in 2021 and formalized the partnership through a joint venture in Wuxi, China, the following year.
26 Years Across Volvo, Polestar and Geely
Ansgar brings more than 26 years of automotive and financial experience to the Concordium board. He became CEO of Geely Sweden Holdings in November 2024 after previously serving as its Chief Financial Officer.
Before Geely Sweden Holdings, Ansgar spent 26 years at Volvo Cars, where his roles included Deputy CFO and CFO of Volvo Cars China. He later became CFO of electric vehicle manufacturer Polestar. He also holds board positions across the Geely group and sits on the nomination committee of Volvo Car AB.
At Concordium, Ansgar joins a board chaired by founder Lars Seier Christensen. Other members include ETH Zurich cryptography professor Ueli Maurer, Swiss commercial lawyer Simone Monnerat and digital executive Nibras Stiebar-Bang.
His automotive background adds an industrial perspective as Concordium increasingly focuses on a problem extending well beyond vehicles: how autonomous AI systems establish identity when they interact with the real economy.
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Concordium Is Building Identity for AI Agents
AI agents are beginning to perform tasks traditionally carried out directly by people, from making purchases to interacting with financial applications. As those systems gain the ability to initiate transactions independently, identifying the human or organization behind them becomes increasingly important.
Concordium is attempting to build that accountability into blockchain infrastructure. Its Agent Registry, launched in May 2026, has already registered more than 1,600 AI agents, according to the company. Each agent is connected to a verified owner.
Registered agents receive a Verified by Concordium Badge that can be used across networks including Ethereum and Solana. The system is designed to let an agent prove information about the organization or individual behind it without exposing the underlying identity documents.
That could allow a business interacting with an AI agent to verify that it has an accountable owner before allowing it to transact.
From Autonomous Cars to Autonomous Agents
The technology envisioned when Geely and Concordium began working together five years ago is now becoming part of a much larger conversation. A car automatically paying for electricity is ultimately one version of the same problem created by an AI agent buying software, moving money or negotiating with another autonomous system.
In each case, the machine may perform the action while responsibility still belongs to a person or company behind it. Concordium is betting that verified identity will become part of the infrastructure connecting those two layers.
Ansgar's appointment gives the company a board member from an industry already confronting that transition in the physical world. As vehicles and AI agents become capable of doing more without direct human involvement, proving who sits behind the machine may become as important as proving what the machine is allowed to do.
Reporting by Lidia Yadlos
