Peloton Nears $60M For Self Driving Truck Technology
Menlo Park-based Peloton, a startup developing technology aimed at ultimately developing automated, self-driving trucks, is about to close a $60M Series B funding round, according to multiple reports. The funding round is being led by Omnitracs, and also includes Intel Capital, DENSO International America, Castrol innoVentures, Lockheed Martin, Nokia Growth Partners, UPS, Strategic Enterprise Fund, Volvo Group Capital, Sandhill Angels, Band of Angels, Birchmere Ventures, Grupo Bimbo, Mitsui, Okaya, Schlumberger, and US Ventures.. Peloton's technology currently aimed at "peering" individual trucks together on the highways, allowing them to draft each other very closely in an automated way--and providing dramatic fuel savings.
posted on Thursday, April 6, 2017
Related companies:
Peloton Equity
Related stories:
> Peloton Adds Lockheed Martin As Investor
> Starsky Robotics Raises $3.75M
> Embark Gets $15M For Self Driving Trucks
> Uber Buys Self Driving Truck Startup Otto
> Peloton Finds $17M Funding Smart, Connected Trucking Systems
silicontap.com Home