Evam closed in SEK 13 million in investment from Brightly Ventures, Almi Invest.

Evam System, a Stockholm, Sweden-based company providing a special vehicle communication type to improve road safety completed a SEK 13M ($1.4M) capital raise.

The money was provided by Swedish investors including Brightly Ventures and Almi Invest.

Evam System, founded in 2015 by three students led by CEO Alex Hedberg, developed Evam System, an antenna-based device placed in an emergency vehicle and which can transmit to nearby FM tuners equipped with Radio Data System (RDS).

Prior to this round Evam secured €600k from Swedish private investors in 2018.