Volvo Group Invests in Safety and Fuel-savings Company for Trucking Fleets
Volvo Group Venture Capital, a subsidiary of the Volvo Group, has announced its investment in Peloton Technology, a developer of vehicle technologies that is focused on delivering safety and fuel savings to fleets in the trucking industry.
Peloton’s truck platooning system is an integrated safety, efficiency and analytics platform that builds on advanced safety technologies such as collision mitigation and adaptive cruise control systems.
The Peloton system electronically couples trucks through a combination of vehicle-to-vehicle communications, radar-based active braking systems and proprietary vehicle control algorithms. The result is enhanced collision avoidance capabilities and increased fuel efficiency for the front and rear trucks in a two-truck platoon.
“Peloton Technology has assembled a stellar team and developed a technology-based platooning solution with the potential to save a significant amount of fuel and also increase safety for fleets,” said Jonas Landstrӧm, investment director and head of the Americas for Volvo Group Venture Capital.
According to Volvo, a study of Peloton’s system showed reductions in fuel consumption of 10 percent for the rear commercial vehicle and by more than 4 percent for the front vehicle. Other U.S. and international studies of truck platooning have also shown high levels of fuel efficiency improvement.
“The societal demand for reduced traffic congestion, as well as improved safety on our nation’s highways, will continue to drive the need for innovative advanced technologies, such as platooning,” said Stephen Roy, president of Mack Trucks North America.
Category: Commercial
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