The Swedish embassy has been organising a Swedish-India Nobel Memorial week since 2007.
The organisation focuses on India's first Nobel laureate Gurudev Rabindranath Tagore in the Centenary year of his Nobel Prize.
Navdeep Asija, founder of Ecolabs, said that the recognition was a result of hard work in the area of non-motorable transport solution.
The Volvo award, now in its 3rd edition, aims to motivate thinkers and organization working in the area of sustainable non-motor transport solutions.
Punjab Heritage and Tourism Promotion Board (PHTPB) has also implemented Ecocabs in tourist cities like Amritsar and Patiala. The pilots running the Ecocabs are also trained to act as tourism guides.
In 2011, Ecocab had been awarded a national award for the best transport project in the country in the area of non-motorised transportation.
The Volvo award shall be conferred by his excellency Harald Sandberg, ambassador of Sweden to India. The chairman of the board of Volvo Buses Akash Passy will preside over the award function.