Today, Volvo Group Venture Capital announced it has made a “strategic investment in DashCam.” For years, Volvo has analyzed and studied truck crashes. Volvo then uses the information gained to design, create and utilize technology to increase truck safety.
“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.”
According to a press release, DriveCam:
- 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.