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Peloton raises $60million to improve truck platoon safety

Peloton raises $60million to improve truck platoon safety

Thursday, April 13, 2017, 4:03 PM

Peloton Technology (“Peloton”), a connected and automated vehicle startup that’s setting out to improve the safety and efficiency of freight transportation, has closed a $60 million Series B funding round led by fleet management giant Omnitracs, which spun out of Qualcomm a few years back. The round included participation from a handful of notable names, including Intel Capital, Nokia Growth Partners, Volvo Group.
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