Volvo Group Venture Capital, a subsidiary to the Volvo Group, has announced that Volvo has made a strategic investment in DriveCam. The two companies have joined forces with the objective of delivering innovative safety-centric solutions to the global commercial vehicle industry.

Through the investment Volvo Group becomes a minority shareholder in the company.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

“Volvo Group and DriveCam have a common vision – to reduce traffic accidents worldwide,” says Johan Carlsson, president of Volvo Group Venture Capital.

“Complementary to our leading position in the global truck manufacturing market, Volvo Group is also focused on the human element in reducing accidents, an area where DriveCam is a clear leader. 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.”

“Volvo Group and DriveCam both believe that there is only one acceptable number of accidents in driving -zero,” said DriveCam chairman and CEO Brandon Nixon. “And since the human element plays a role in nine out of ten accidents, the driver risk management solutions that DriveCam has pioneered are essential to both companies reaching our common goal of zero accidents on the road.”

For several decades, Volvo Group has studied and analysed 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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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.