Volvo Unit Invests in DriveCam, Inc.

Volvo Group announced that Volvo Group Venture Capital has "joined forces with the objective of delivering innovative safety-centric solutions to the global commercial vehicle industry."

Volvo Group announced that its Volvo Group Venture Capital has made a strategic investment in and become a minority shareholder in DriveCam Inc., saying the two companies "have joined forces with the objective of delivering innovative safety-centric solutions to the global commercial vehicle industry."

Based in San Diego, DriveCam is a driver risk management company. "Volvo Group and DriveCam have a common vision -- to reduce traffic accidents worldwide," said 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/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."

One day earlier, on Feb. 12, DriveCam announced that it ended 2012 with orders in excess of $100 million, which is a record for the company, and in 2012 doubled the number of orders year over year.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Easy to Use Safety Incident App

    Record incidents on the go with IndustrySafe’s mobile app. Collect data for multiple types of incidents including including near misses, vehicle and environmental incidents, and employee and non-employee injuries; at job sites and remote locations—with or without web access.

  • Safety Training 101

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. IndustrySafe is here to help. We put together a resource that’s easy to digest so you can get answers to your training questions and ensure you're complying with OSHA's standards.

  • Conduct EHS Inspections and Audits

    Record and manage your organization’s inspection data with IndustrySafe’s Inspections module. IndustrySafe’s pre-built forms and checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Industry Safe
comments powered by Disqus