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
NGP Capital
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
Peloton Technology Builds on Platooning Service
Forbes - Aug, 21 2019
Peloton’s new automated vehicle system gives one driver control of two trucks
TechCrunch - Jul, 17 2019
The Truck Platooning Market Experiences Growing Pains
Forbes - Jul, 9 2019
Automated Vehicles Will Unlock Countless as a Service Business Models
Forbes - Apr, 17 2019
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