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.
Founded
2011
Headquarters
Mountain View, California, United States
Company Size
around 11
Competitors
n/a

Josh Switkes
Founder and CEO

Chris Gerdes
Founder, USDOT Chief Innovation Officer

Steve Boyd
Founder and VP External Affairs

Dave Lyons
Founder and Chief Innovation Officer

William Winters
VP Sales and Business Development

Chuck Price
VP Engineering

TOTAL
Raised

$78,400,000.00

8 rounds of funding

B

April 2017

$60,000,000.00

Omnitracs

B

March 2017

No lead investor

C

July 2015

No lead investor

A

April 2015

$16,000,000.00

Intel Capital

E

December 2014

No lead investor

F

September 2014

No lead investor

G

September 2013

$1,500,000.00

No lead investor

H

April 2013

$900,000.00

No lead investor