Press releases

Press releases divided after portfolio companies.

Lytx Press releases

February 18, 2016

GTCR Acquires Video Telematics Category Leader Lytx®

Lytx, Inc., the global leader in video telematics, today announced that it has signed an agreement to be acquired by Chicago-based private equity firm GTCR. The deal, expected to close in the first quarter, is an all-cash transaction of more than $500 million that will help power the next chapter in Lytx’s growth as the innovator and leader of video telematics and safety services for commercial and public sector transportation.

Please visit Lytx for more information.

October 14, 2015

Lytx Launches ActiveVision℠ Service, a Revolutionary New System to Tackle the $175BProblem of Distracted and Drowsy Driving

Lytx, Inc., the global leader in video -based driver safety, unveiled today a giant leap forward in safe driving innovation with its Lytx ActiveVision service available for select Lytx DriveCam clients immediately, and industry-wide in January 2016. The ActiveVision service will be publicly demonstrated this weekend at the 2015 American Trucking Associations Management Conference & Exhibition in Philadelphia.

Please visit Lytx for more information. 

Peloton technology Press releases

April 30, 2015

Volvo Group Venture Capital invests in Peloton Technology

Volvo Group Venture Capital, a subsidiary of the Volvo Group, announced its investment in Peloton Technology, a developer of vehicle technologies such as truck platooning systems designed to deliver safety and fuel savings to fleets.

Please visit Diesel Progress for more information.

March 2, 2015

Lytx™ Reaches Milestone with Over 200,000 Subscriptions in Service in 2014

In 2013, Volvo Group subsidiary Volvo Group Venture Capital invested in Lytx (then DriveCam) with the objective of delivering video-based safety solutions for commercial vehicles. Since then Lytx has continued its growth, reaching over 200,000 subscriptions in service in 2014.

The cooperation between Volvo Group and Lytx is based on the fact that both companies work to reduce the number of traffic accidents worldwide. Safety is a Volvo Group core value and for several decades, the Group has studied and analyzed a large number of accidents involving trucks. This information has been, and still is one of the most important bases for the design and development of Volvo Group’s trucks. These investigations have resulted in numerous safety related improvements already in place in today’s trucks.

Complementary to enhancing safety features of the vehicles it produces, the Volvo Group is also focused on the human element in reducing accidents, an area where Lytx is a leader.

Lytx’s DriveCam program prevents collisions and reduces fuel costs by improving the way people drive. Lytx’s solution addresses the causes of poor driving by combining data and video analytics with real-time driver feedback and coaching.

In 2014, Lytx expanded its base of subscriptions in service with 57,000 new subscriptions and the company now has more than 1,300 commercial and government fleet clients worldwide.

Please visit Lytx for more information.

Cargomatic Press releases

January 29, 2015

Cargomatic gets $8 Million To Build An Uber For Truckers

Cargomatic hopes to bring some technology to the local trucking industry by providing a platform enabling shippers to list available jobs that local truckers with excess capacity can complete. By making the connection, the company hopes to not only help truckers make more money, but also to route shipping more efficiently.

Please visit TechCrunch for more information.

Steelwrist Press releases

December 17, 2012

Volvo Construction Equipment’s supplier relationship with Steelwrist for the supply of Tiltrotators is being extended for excavator quick couplers

Volvo Group Venture Capital has invested in Steelwrist AB, becoming a minority shareholder in the company. “We invest in companies with market-leading products and services, and where an investment from Volvo can accelerate growth for both parties. Steelwrist has a strong product portfolio as well as a leading position in a fast growing global market and we are excited to engage in driving growth of Steelwrist’s business,” says Johan Carlsson, former president, Volvo Group Venture Capital.

Please visit Volvo CE for more information.

Learn more about Volvo Group Venture Capital