Volvo Group Venture Capital, the corporate venturing unit of the Sweden-based eponymous truck maker, has invested an undisclosed amount in DriveCam, a US-based driver risk management company.
Johan Carlsson, president of Volvo Group Venture Capital and a member of the Global Corporate Ventiring Powerlist 100, said: “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…
