Details

Last Funding Type

Series A

Last Funding Money Raised

$16M

Industries

Automotive,Autonomous Vehicles,Fleet Management,Robotics,Transportation

Founded date

Jan 1, 2011

Number Of Employee

1 - 10

Operating Status

Active

Legal Name

Peloton Technology, Inc.

Peloton Technology was founded in 2011 by a team of Silicon Valley entrepreneurs to address major pain points of today’s trucking fleets – accidents and fuel costs.

Peloton's system uses radar and DSRC vehicle-to-vehicle communications to link active safety systems between pairs of trucks, reducing collision-related expenses and fuel costs. The drivers remain fully engaged and retain steering control, while the system controls acceleration and braking similar to adaptive cruise control. The dramatic reduction in aerodynamic drag in these platoons provides substantial improvements in fuel economy for both the trailing and leading trucks: with on-road testing showing average savings of over 7% between the two trucks.