DriveCam Receives Strategic Investment from Volvo Group Venture Capital

DriveCam, Inc., a San Diego, CA-based global driver risk management company, received a strategic investment from Volvo Group Venture Capital, a subsidiary to the Volvo Group.

Through the investment, whose amount was not disclosed, Volvo Group becomes a minority shareholder in the company.

Led by Chairman and CEO Brandon Nixon, DriveCam provides a solution that combines data and video analytics with real-time driver feedback and coaching to protect drivers while reducing collision-related costs and fuel consumption in over 500 commercial fleets.

FinSMEs

13/02/2013

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