Michelin invests in SmartDrive Systems
Video safety and transportation intelligence firm SmartDrive Systems shares that Michelin North America has led a preferred-stock round of investment in the company. Michelin’s investment in SmartDrive continues the expansion of its strategy for fleet telematics and mobility services. SmartDrive says it will leverage the investment to “fuel its continued growth in video analytics and transportation intelligence, with a particular emphasis in the areas of R&D, sales and marketing, and expansion in North America and international markets.”