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Peloton Technology is a technology company.
Peloton Technology develops connected and automated vehicle systems for freight transportation. Its core offering is truck platooning technology, electronically linking heavy-duty trucks for close-formation travel. This enhances aerodynamic efficiency for fuel savings and integrates driver-assistance features, improving safety and operational efficiency for commercial trucking fleets.
The company was founded in 2011 by Josh Switkes, Steve Boyd, Chris Gerdes, and Dave Lyons. Josh Switkes, a former CEO, brought expertise in automotive safety and control systems from Stanford. The founders recognized persistent trucking challenges like fuel inefficiency, safety, and driver fatigue, aiming to solve these through innovative automation.
Peloton Technology serves commercial trucking and logistics providers modernizing fleets. Its vision is to transform freight transportation by leveraging intelligent vehicle technologies to empower drivers. It aims to foster a more productive, environmentally friendly, and safer future for the trucking sector, optimizing operations via advanced automation.
Peloton Technology has raised $93.9M across 4 funding rounds.
Peloton Technology has raised $93.9M in total across 4 funding rounds.
Peloton Technology has raised $93.9M in total across 4 funding rounds.
Peloton Technology's investors include John Graham, Band of Angels, Intel Capital, Nokia Growth Partners, Sound Ventures, Birchmere Ventures, BP Ventures, Breakthrough Fuel, DENSO International America, Lockheed Martin, Mitsui & Co. (U.S.A.), Okaya.
Peloton Technology is (or was) a Mountain View–based connected and automated vehicle company that developed a driver‑assistive truck platooning system to improve highway safety and fuel efficiency for the freight trucking industry.[2][6]
High-Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick factual notes: sources vary on the founding year (reported as 2011 and 2013); Peloton raised multiple funding rounds but ultimately ceased operations and entered liquidation in 2021, so current status is inactive.[2][1]
Peloton Technology has raised $93.9M across 4 funding rounds. Most recently, it raised $60.0M Series B in April 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2017 | $60.0M Series B | John Graham | Band of Angels, Intel Capital, Nokia Growth Partners, Sound Ventures, Birchmere Ventures, BP Ventures, Breakthrough Fuel, DENSO International America, Lockheed Martin, Mitsui & Co. (U.S.A.), Okaya, Sand Hill Angels, Schlumberger, UPS, U.S. Venture, Volvo |
| Aug 31, 2015 | $17.0M Other Equity | Tony Cannestra, Mark Lydon | Adam Miller |
| Apr 1, 2015 | $16.0M Series A | Band of Angels, Intel Capital, Nokia Growth Partners | |
| Mar 1, 2013 | $900K Seed | Band of Angels, Intel Capital, Nokia Growth Partners |