Volvo Group invests in DriveCam

Volvo Group Venture Capital, a subsidiary of 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.

DriveCam, Inc. is a global driver risk management company located in San Diego, California. 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," 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."

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