Accessibility

Volvo makes strategic investment in DriveCam

Posted on February 13, 2013

Volvo Group Venture Capital, a subsidiary to the Volvo Group, made a strategic investment in DriveCam Inc., a global driver risk management company. Through the investment, Volvo Group becomes a minority shareholder in the company.

"Volvo Group and DriveCam have a common vision — to reduce traffic accidents worldwide," said Johan Carlsson, president of Volvo Group Venture Capital. "This strategic investment enables the commercial vehicle industry to benefit from our collaborative development efforts, while it also supports the Volvo Group’s vision to become the world leader in sustainable transport solutions.”

For several decades, Volvo Group has studied and analyzed a large number of accidents involving trucks. This information has been, and still is, one of the most important bases for the design and development of Volvo Group’s trucks. These investigations have resulted in numerous safety related improvements already in place in today’s trucks.

DriveCam prevents collisions and reduces fuel costs by improving the way people drive. DriveCam’s solution addresses the causes of poor driving by combining data and video analytics with real-time driver feedback and coaching.

Volvo Group Venture Capital is part of the Volvo Group. With the objective of accelerating new business growth, Volvo Group Venture Capital invests in companies driving service orientation and product differentiation in the transport industry.

Terms of the transaction were not disclosed.

View comments or post a comment on this story. (0 Comments)

More News

Paratransit firm in $400K dispute with Miami-Dade County

Transportation America’s 5-year, $208 million contract states the county will withhold the disputed amounts from the company while the dispute is resolved. But, transit officials say they are conceding to TA attorneys who claim the contract language is ambiguous and letting the company hold the cash.

Fla. paratransit subcontractor may get county help

Two Wheels sought help from Palm Beach County after it reached an agreement to terminate its contract with Metro Mobility, which had drawn complaints for poor and unreliable paratransit service.

Va. transit bus, motorized wheelchair collide

According to police, the Hampton Roads Transit bus driver saw the person traveling on the street in the direction of the bus and swerved at the last second to avoid a direct collision with the motorized wheelchair. The wheelchair struck the right side of the bus.

Winnipeg operator adds MV-1

The Winnipeg Taxi Board initially denied Sunshine Transit Services an accessible limousine license in 2012. With the signing of the Accessibility for Manitobans Act, help from the Manitoba League of Persons with Disabilities and the Public Interest Law Center, Manitoba's one and only accessible limo license was granted to Sunshine Transit Services in August 2014.

Ga. agency changes paratransit eligibility process

The goal of the updated process is to ensure that only persons who meet the regulatory criteria are regarded as eligible for paratransit service, making this vital service more efficient. Eligibility is based on limitations to an individual’s abilities, not just the presence of a disability.

See More News

Post a Comment

Post Comment

Comments (0)



Please sign in or register to .    Close