Peloton Technology use vehicle communication technology to increase fuel efficiency in trucks by up to 10% by pairing them up in close convoy to benefit from aerodynamics. Their V2V wireless link allows the lead truck to control the acceleration and braking of both trucks virtually simultaneously.
How they’re disrupting
Peloton combines V2V communication with a radar-based collision mitigation system to offer both improved efficiency and safety. A network operations centre approves and identifies platoon opportunities, adjusting parameters for conditions and controlling vehicle order to account for load and braking performance. This technology allows trucks to pair up whilst in motion, whilst still ensuring the drivers retain control of the vehicles at all times.
Roughly 15.5 million trucks operate in the United States, with over 3.5 million truck drivers.
Investments and future
Peloton have raised $78.4 million from seven rounds of funding. In February this year the company announced a partnership with logistics giant FedEx. The company will trial the system with its vehicles as part of future plans for an autonomous delivery model.