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Peloton Technology Stock

Peloton is a connected and automated vehicle technology company improving safety and efficiency in the trucking industry.

About Peloton Technology Stock

Peloton Technology Inc. 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 savings of more than 10% for each truck.

Investors

Funding History

April 2013$900K
September 2013$1.5M
April 2015$16.0M
July 2015$0

Management

Founder, USDOT Chief Innovation Officer

Chris Gerdes

VP Engineering

Chuck Price

Founder and CEO

Josh Switkes

Founder and Chief Innovation Officer

Dave Lyons

VP Sales and Business Development

William Winters

Founder and VP External Affairs

Steve Boyd

Press

Other Companies

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