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

San Diego MTS named 'Employer of the Year' by disability group

The award highlights the agency's commitment to diversity in the workplace and expanding job opportunities for persons with developmental disabilities.

NY MTA's paratransit system is inefficient, reports say

To help reduce costs and increase service, one recommendation is to give disabled residents subsidies for accessible cabs and ride-hailing services like Uber and Lyft.

MBTA Launches RIDE Pilot Program with Uber, Lyft

MBTA has launched a pilot program with ride-share companies Uber and Lyft to save costs and deliver customers of the MBTA’s “THE RIDE” options for on-demand service through their smartphones.

Las Vegas RTC's Mobility Training Center wins APTA Innovation Award

Award honors a member that demonstrates innovative concepts or effective problem-solving techniques in the public transportation industry.

FTA awards $7.3M in grants for transit to healthcare initiatives

Grants to 19 projects in 16 states will build partnerships between health, transportation, and other service providers to address the problem of how to get people without vehicles to doctors and wellness appointments to help them maintain good health.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close